Happy February! I hope you all were able to enjoy the beautiful weather this past weekend. I am particularly excited that the groundhog did not see his shadow and that we are on track for an early Spring.
During the month of January, we had a total of 10 properties close in the combined neighborhoods of McFerrin Park, Cleveland Park and Highland Heights. This is down from December and down 3 from this same month last year BUT rather than indicate a market slow down, I think it is a function of inventory (or available homes on the market). For January of 2020 there are currently 24 active properties (down one from December and down 12 from January 2019)
The median list price per foot edged up to $242/ft and median sales price was down slightly to $234/ft and our average sales price to list price ratio is still very strong at 99.76%
There are 27 pending properties currently and the average sales price for January 2020 was $364,500. If we look back to January of 2015, the average sales price for our area was $234,700. This means if you’ve been in your home for around five years your property has increased in value 55%!
I have several listings that are not yet on the MLS in our neighborhood. If you are looking to make a move OR if you want the chance to choose your neighbor – call me!
The housing market is changing. If you have been considering selling your home but aren’t sure what it is worth in today’s market, click here and get a free personalized report on the current market value of your home.