The month of March saw a dramatic increase in homes sold, with a fascinating new development, and a confirmation of the pricing trends.
In March, 1,230(+367) homes sold, dramatically more than February with 863. While the most active category over the last few years was the $200,000-249,999 price range, this month, astonishingly, the most active price range was the $300,000-399,990 range, with 255 homes sold. The second most active price range was the $250,000-299,999 range with 235(+69) home sold, and third was the previously leading category, $200,000-249,990 with 233(+90) sales.
Sales of luxury homes over 1 million also saw an increase for March, with 30(+8) sales, compared to 22 for February. Sales of all luxury homes over $700,000 saw an increase with 69(+8) sales compared to 61 for February.
While homes seem to be costing more and more, they are starting to sell faster as well. 720(59%) of the 1,230 sales occurred within 30 days. Another 158 sold within 60 days.
So, homes are selling faster, for dramatically more money. What does this mean for you?
For sellers, if you HAVE EVER considered selling, NOW IS THE TIME TO LIST! Let’s sit down and discuss the plan to get your home sold, for what you want, when you want. Click
here, and let’s get the process started right away!
For home buyers, you can expect an extremely competitive market. With homes selling for more money, and extremely fast(almost 60% within 30 days are peak summertime numbers) you need to be prepared to act…immediately. Click
here, and let’s set up a time to sit down!
For investors, this market is perfect for a rental portfolio to be built, for stable income. Let’s set up a time to discuss and figure out your perfect strategy!