-57 houses sold through 4/15/16 with an average selling price of $267,680 and an average of 87 days on market
-9 houses sold last year in April through 4/15/16 with an average selling price of $204,016 and 84 days on market
What this means:
Average selling price in April year over year has increased $79k while the days on market has decreased by 32 days, reflecting increased demand from buyers during the busiest time on the market -spring! Mortgage rate increases that will continue to go up while still at historically low rates is a contributing factor. Homes correctly priced to the market are selling in a matter of days and are creating bidding war scenarios driving the price of the home upward. Bay Village still offers a healthy amount of options for buyers, while enjoying the benefits of a seller's market. Of the active listings, 15 have been on the market for less than 21 days.
Are you considering a move, or just curious what about your home's value? Don’t trust computer simulations to tell you what your home is worth. They’re not accurate. The only way to truly know is to look at the market in its current state and walk through the home to see how it compares to the current inventory relative to the buyers that are looking. I can provide you with the most accurate and up to date Comparative Market Analysis and it is hassle-free and complimentary. Please contact me for more information!
Author:Matt Dunlavey Phone: 440-840-0564 Dated: April 15th 2017 Views: 181 About Matt: About me:
I’ve always enjoyed helping people. I can’t say I fell into real estate; it was my...
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