Hello West Highlands- Here is our monthly market update looking at the market activity for February.
Well it is confirmed- the “spring” market is starting earlier. Buyers are out in the market looking for homes.
We currently have 22 active properties as of today; 3/19/15. The high price is $999,000 and the low price is $285,900 with a median price of $564,900. The average price per square foot above grade is $331.00 and average price per square foot finished is $278.00.
Let’s look at the sold activity in February- 26 Sold transactions in February 2015. This is up about 30% from February 2014 when there were 20 sold transactions. It is clear that buyers are staying in the market over the winter months to try and find a home in this low inventory market.
There was an increase in all price per square foot categories from Feb. 2014 to Feb 2015:
Above grade- 2/14 $298 vs. 2/15 $363
Finished- 2/14 $258 vs. 2/15 $276
Total 2/14 $236 vs. 2/15 $242.
The data clearly shows a price appreciation year over year.
Now is a great time to list your home and capture the best return by marketing and merchandising your home with a professional.
Call me if I can help!