It’s time to make a list and check it twice and see what’s naughty or nice in the current real estate market. In the hustle and bustle of holiday shopping, it’s actually a great idea to consider giving yourself the gift of a new home this holiday season. Bah Humbug you say? Consider these great points by Realtor.com:
Lower competition can mean lower prices.
- Serious Sellers
- Better interest rates on mortgages
- Faster closings
- Enjoy your summer vacation!
Not to mention, if the tree fits, buy it! So many fall buyers come through trying to picture how they will decorate for the holidays! Shopping for a home during this season will give you a great idea of what works and what doesn’t when you deck the halls!
Let’s take a look at what the Penfield Market is doing:
Currently, there are 129 homes listed as active.
Of homes that were listed in the last 60 days, 21 are currently under contract with an average of 4 days on the market. Cold weather but hot market!
In the last 60 days, 64 homes have sold at 98% of the asking price.
We have seen an increase in the average sale price from October to November.
With super low interest rates and an increase in average sale price, it’s a great time for both buyers and sellers. However, if a move is not in your immediate future, make sure your home is warm and bright this holiday season:
As shared by US News and World Report this week:
Repair and prevent air leaks:
you could buy a thermal leak detector or you can go old school and light a candle. Run it along side your windows and doors on a cold day and if the flame flutters, you’ve found your leak!
Rotate your ceiling fan
It will pull the cool air up and push the warm air down.
Reduce the temperature of your water heater
You can reduce the setting on your water heater to 120 degrees.
Check your fireplace
You can consider an insert to convert a wood fireplace or consider fire-resistant insulation when the fireplace is not in use.
Change your furnace filters
Once a month is best for the best air flow.
Regulate your thermostat
Turning your thermostat back for the 8 hours can save you 5 to 15%.
Winterizing won’t take long so you’ll have plenty of time for holiday shopping. When you’re out and about, be sure to stop by Salads Etc. You can keep your holidays merry, bright and healthy. Register for a Salads Etc. Savings pass today and help support local business!
If you would like more information on the numbers in your area or tips on winterizing your home, contact us today, we’d love to help!