I think SPRING is in the air! Well……based on the nice bounce-back in real estate sales this week, it can’t be too far behind! This is the third week in a row where we had double-digit sales for the week. In total, we had 16 residential properties change hands versus 11 homes the prior week. Total value of these sixteen transactions was just over $5.7 million, an increase of 32% (3.9 million) from the week before. The highest priced sale was a single family home in Sendero Canyon which sold for more than $675,000. The variance between list price and actual sales price was 97%. This percentage continues to stay strong, and always between 96% & 98% each week. I still believe that the housing market is positioned in the “buyers” favour at this point in time, but can change “shift” with a few solid weeks of sales! Monday Market Report Feb 25 – Mar 3, 2019
I think SPRING is in the air! Well……based on the nice bounce-back in real estate sales this week, it can’t be too far behind! This is the third week in a row where we had double-digit sales for the week. In total, we had 16 residential properties change hands versus 11 homes the prior week. Total value of these sixteen transactions was just over $5.7 million, an increase of 32% (3.9 million) from the week before. The highest priced sale was a single family home in Sendero Canyon which sold for more than $675,000. The variance between list price and actual sales price was 97%. This percentage continues to stay strong, and always between 96% & 98% each week. I still believe that the housing market is positioned in the “buyers” favour at this point in time, but can change “shift” with a few solid weeks of sales!