January 2017 Market Update
February 13, 2017
# of Closed Sales: 7
Average Days on Market for Solds: 24
Median Sales Price: $285000
# of news listings: 1
Months of Inventory Last Month: 0
The sweetest stories are those that are shared and passed down. This Valentine’s Day share a memorable story with your loved ones.
We had seven listings hit the market in December while in January we only saw two homes come to the market. Of the two new listings 1280 W Center Ave. had a price reduction from $524,900 to $499,900
Of the seven homes that sold five of them sold over asking price.
The biggest trend I’m seeing is that homes that have been remodeled with ample space are selling in the mid to high $300K.
The lovely home on the hill located at 1810 W Exposition Ave., recently sold for $401,000 that’s $12,000 above asking price.
No doubt 2017 will continue to be a sellers market. Interest rates are still at a historical low.
Athmar Park homeowners are rearing up to hit the Spring Market making it a great time for buyers to absorb the new inventory.
Sellers, get familiar with the hot materials that buyers are looking for, this will maximize your returns.
Buyers, I would say have your lender letter, love letter and strong terms and conditions ready to be written up when competing with multiple offers.