AVERAGE SALES PRICE FOR
JUNE: $573,864
Amazingly we hit a new 4 year high in home values for the month of June. Year to date we are up 6.7%. Remarkably at this time last year we were up year to date 7.1%. This definitely shows strength in the market. This consistent price increase year after year gives us confidence that the real estate market will stay relatively strong through the year. Interestingly we are still seeing low levels of inventory. There are about 25% fewer homes entering the market than normal which is still creating that demand for homes.
It’s a very unique market out there. Of course every home has to appraise if there is financing involved but currently we are not seeing appraisers having issues with hitting those marks. This we see if giving many sellers confidence to test out prices for their homes when they put them on the market. Normally we would be against pricing homes too aggressively because that could lead to false hope that a sellers property will sell for certain at the price they decided to list it at. But in a market like this, if the home has characteristics that a strong buyer is looking for such as location, curb appeal, a large back yard, a great lay out, etc., this could lead to a definite sale at the higher levels.
It’s really exciting to see where this market it headed. If you need a strong real estate team look no further. We have everything you need to get you the most money for your home, and in certain cases we can get you over appraised value on the home. We’ve done it before. Call us anytime.
2 PRICE REDUCTIONS
AVERAGE SALES PRICE FOR
JUNE: $573,864
Amazingly we hit a new 4 year high in home values for the month of June. Year to date we are up 6.7%. Remarkably at this time last year we were up year to date 7.1%. This definitely shows strength in the market. This consistent price increase year after year gives us confidence that the real estate market will stay relatively strong through the year. Interestingly we are still seeing low levels of inventory. There are about 25% fewer homes entering the market than normal which is still creating that demand for homes.
It’s a very unique market out there. Of course every home has to appraise if there is financing involved but currently we are not seeing appraisers having issues with hitting those marks. This we see if giving many sellers confidence to test out prices for their homes when they put them on the market. Normally we would be against pricing homes too aggressively because that could lead to false hope that a sellers property will sell for certain at the price they decided to list it at. But in a market like this, if the home has characteristics that a strong buyer is looking for such as location, curb appeal, a large back yard, a great lay out, etc., this could lead to a definite sale at the higher levels.
It’s really exciting to see where this market it headed. If you need a strong real estate team look no further. We have everything you need to get you the most money for your home, and in certain cases we can get you over appraised value on the home. We’ve done it before. Call us anytime.
2 PRICE REDUCTIONS
