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It's A Hot Spring - Coldwell Banker Market Watch - April 2012
IT'S A HOT SEASON
It is a hot spring season here at Coldwell Banker Residential Brokerage. Not only have temperatures risen, but real estate agents across numerous regions are reporting increased showings at open houses, instances of multiple offers on properties, and offers over asking price within weeks and even days. There is positive excitement in the real estate industry right now that is infectious and exhilarating.
Overall, there has been steady interest and demand from entry level and move-up buyers, but we are also seeing more confidence in the high-end market, with some luxury homes going under agreement fairly quickly. In one instance, a condo priced at $1.495 million recently went under contract in under a week. One home in a suburban neighborhood priced in the $400,000s had incredibly heavy attendance at an open house and received an offer the same day.
Look to the graphs below (follow the links by county) to see if similar trends are happening in the areas that are of most interest to you. You can also contact a Coldwell Banker Residential Brokerage sales professional who can tell you exactly what is happening in your community, and the price points that are experiencing the most ... more

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