Let’s take a look at the last 60 days!
10 have gone under contract in an average of 14 days or less. The average sale price was 184k.
45 homes have sold, at 98% of the list price. The average sale price increased 18% from December to January.
So what do the numbers mean to you?
If you are buying a home:
Inventory is low but so are interest rates. In order to best take advantage of new down payment programs and changes in mortgage insurance, it’s important to do your homework. If you’re not seeing what you like just yet, just keep moving forward in your mortgage application process by gathering all the paperwork required so when your future home goes on the market,(every day brings new listings) you will be ready! Contact our trusted mortgage professional today. If you do see what you like, don’t be afraid to buy it, even if it is one of the first homes. There’s no telling when preparation meets opportunity, but rest assured we will be there every step of the way.
If you are selling a home:
You will get the best price, even multiple offers, if your home is listed when the inventory is low. Do not be afraid of the Polar Vortex! Buyers will face all kinds of weather to see the right property. Here are our 5 favorite tips from About Home to keep in mind:
1. Clear a path
2. Let in Light
3. Make it Visually Pleasing
4. Serve Winter Foods
5. Provide information they may not know about in the winter.
Winter is a wonderland of opportunity for both buyers and sellers. Everyone wins! While there may be some increase in interest rates during 2015, most predict that they will not exceed 5%. It’s time in this season of love, to love where you live and we can help! Happy Valentine’s Day from Dudek Real Estate.
P.S. Still need a gift for that special someone? Check out the Enchanted Rose Garden!