And the Rain Continues..
Wow, it has been an interesting spring! The rain just keeps coming.
So – school is out and the real estate market is running fast. We have seen a few neighborhoods with significant competition from new construction but overall the real estate market continues to climb. Jan – April 2019 has an increase in the Average Sales price of 2.1% while the total Sales Volume is down 3.9%. January in BCS was a very very slow month for sales but we are quickly catching up. There are 14.4% more properties available now than this time last year giving buyers a few more choices. Yet the actual number of listings taken is only up 2.5%. That tells us properties are staying on the market a little longer than last year giving us a more healthy real estate market. Buyers are demanding that homes be in great condition. They aren’t wanting to buy and then put a lot of money into them – they want them nice to start with so talk with me before you decide to sell. We have a few ideas on how to maximize your investment.
Also – real estate is LOCAL meaning EVERY NEIGHBORHOOD is different. Want to know what is happening in YOUR neighborhood? Let us know and we’re happy to put together a neighborhood report so you know more about YOUR specific investment.
Have a great summer and let us know when we can help in any way!