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It's Mike Sloan with the Pat Hiban Group, and today I'll be giving you the latest stats from our local real estate market.
- Through 2015, settlements are up by 20%
- The average sales price increased to $477,390
- 62% of all closings were between $200K and $500K
- Only 3% of closings were above $1 million
- There have been 559 transactions between $400K and $500K, and 639 between $300K and $400K
What does this mean for you? It means that if you have a home in the $200K to $500K range, then you should consider selling it right now because we have a lot of buyers looking to purchase within that range.
If you're buying outside of these price ranges, then you're going to have your pick of good homes. What's even better is that interest is still very low, and this allows you to save a lot of money over the lifetime of a loan.
If you have any further questions, please don't hesitate to contact us! It's a great time to get into the real estate market.
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