The market has gotten off to a decent start this year. So far 5 homes have sold in the area for an average of $846,000, a little off the average at this point last year but, the sample size is still pretty small.
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Monthly Market Update |
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|
February |
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|
2020 |
2019 |
2018 |
|
|
Homes Sold |
4 |
2 |
1 |
|
Average List Price |
$828,000 |
$667,000 |
$770,000 |
|
Average Selling Price |
$852,000 |
$678,000 |
$765,000 |
|
% of List |
102.9% |
101.6% |
99.4% |
|
Days on Market |
8 |
3 |
7 |
|
Year to Date (Jan 1- February 29) |
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|
2020 |
2019 |
2018 |
|
|
Homes Sold |
5 |
4 |
1 |
|
Average List Price |
$823,000 |
$826,000 |
$770,000 |
|
Average Selling Price |
$846,000 |
$858,000 |
$765,000 |
|
% of List |
102.8% |
103.9% |
99.4% |
|
Days on Market |
8 |
3 |
7 |
Demand is quite high and there are very few homes available for sale at the moment. This is resulting in homes continuing to sell above list price. Spring is typically the best time to sell so if you are considering it please let me know.