February Market Update

March 2, 2017
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# of Closed Sales: 5

Average Days on Market for Solds: 12

Median Sales Price: $299200

# of news listings: 2

Months of Inventory Last Month: 0

Athmar Park market is moving full steam ahead into the Spring Market. 

With only two Active listings on the market and two homes currently Under Contract the neighborhood is still seeing quick absorption and an increased average sale price jump up to $299,200 from last months $285,000. 

Remodels are being done in Athmar Park and going Under Contract before hitting the market. Buyers are scouting the neighborhood daily to find great deals, especially on homes that are being updated!

Homes are still selling over asking price when priced right, I have seen several price adjustments made decreasing homes that were overpriced. 
 

With interest rates still hovering at 4.125% buyers are taking advantage of these and making their purchase before the potential increase by the FEDS come end of 4th quarter. 

Athmar Park will continue to see homes coming to the market that are in need of complete overalls. Similar to 711 S Navajo St which was listed for $240,000 and sold for $205,000 to Cash buyers.