It
should be to no surprise that our real estate market is strong and continuing
upward. I pasted 3 graphs below to help illustrate what is more precisely
occurring. I want to point out on the last graph. The sales
price vs list price for the month of April was at 100%. This is something
to take note of and it means that properties are being priced appropriately and
there's little to no room to negotiate as a buyer. Well priced properties
are selling over asking with multiple offers.
You
can see on the 2nd graph that the average price sqft has continued to climb
with only a little dip in Dec.
We
have the influx of buyer from the bay area and the millennial buyers are a
growing market segment. It looks like we'll have a continued strong year,
too early to say for next year. I'm always skeptical because I know the
real estate market is cyclical and we're about due for a correction.
To
bring this current, I've notice a slow down over the past week or so. I
think its attributed to all the graduations and holiday weekend coming up.
If
you have any real estate questions, feel free to contact me.
For
Sale Vs Sold & Pending
Average
Price Per Sqft
Average
Days on Market / Sales Price vs. List price
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