Monthly Market Update

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!