Homes priced $300,000 and below-
While
inventory has increased recently, current data still shows inventory to
be lower compared to the higher price ranges. Over the past 3 months,
pending sales have increased which is likely due to the Spring season. When supply is lower, sellers will generally have a slight advantage since
there is high buyer demand with fewer homes available. Sellers will
generally test the higher end of the price range in hopes in getting the
highest possible price. Buyers have to factor and weigh potential
competition among other buyers when submitting an offer or it may get
overlooked.
Homes priced between $300,000 to $500,000-
Current
data shows demand and supply fairly in balance in this price range. The
market activity also picked up in March with both an increase of
pending sales and active listings. From a seller and buyer
standpoint, both should have realistic market expectations understating
that generally neither side (buyer or seller) is in a strong position of
leverage in most scenarios.
Current data shows an over supply of homes currently available. Consequently, buyers will generally have an advantage since there is more
inventory available to choose from. If a home is listed higher
and/or over priced compared to competitors, the home will likely be
passed over as buyers look at lower priced homes. It is imperative for the seller to
pay close attention and monitor all active listings, pending sales and
recent closed sales to remain competitive.
While somewhat simplistic (and
putting aside other factors to consider), I hope the above helps give a general overview of current conditions based upon price range. It is HIGHLY important to
analyze your home's segmented market to help gain a better understanding of not only your home's value but your competition.
Contact me for any questions and if
interested in completing a comparative market analysis (CMA) for your
home.
Bryan Lynch, Realtor
Direct: 530-878-1688
Cell/Text: 916-765-6785
Email: BryanLynchRE@gmail.com
www.BryanLynchRE.com
License#01790398
CURRENT LISTINGS:
www.1375BooleRd.com
MLS#14012596 - High quality, custom built 3,822sf home located 7.1 acres with a park like setting and year round pond & creek. This property is a MUST see in person!
Disclaimer: All information deemed reliable but not guaranteed. The information is meant entirely for educational purposes and casual reading only and is NOT intended for any other use.
Bryan Lynch, Realtor
Direct: 530-878-1688
Cell/Text: 916-765-6785
Email: BryanLynchRE@gmail.com
www.BryanLynchRE.com
License#01790398
CURRENT LISTINGS:
www.1375BooleRd.com
MLS#14012596 - High quality, custom built 3,822sf home located 7.1 acres with a park like setting and year round pond & creek. This property is a MUST see in person!
Disclaimer: All information deemed reliable but not guaranteed. The information is meant entirely for educational purposes and casual reading only and is NOT intended for any other use.
