Welcome to the first 2008 snapshot of what is going on in our market place today, January 18th.
The supply and demand in real estate is best gauged by looking at the number of pending sales. Here is a snapshot of what our market looks like today in Marysville for residential homes.
Price | Total # Homes | # Pending Sales | Percentage (Demand) | Average # Days on Market |
$100-150K | 0 | 0 | n/a | n/a |
$150-200K | 4 | 1 | 25% | 42 |
$200-250K | 31 | 6 | 19% | 65 |
$250-300K | 133 | 20 | 15% | 94 |
$300-350K | 173 | 27 | 16% | 79 |
$350-400K | 67 | 7 | 10% | 88 |
$400-450K | 40 | 3 | 8% | 84 |
$450-500K | 10 | 2 | 20% | 102 |
$500-550K | 2 | 1 | 50% | 32 |
$550-600K | 4 | 0 | 0% | 155 |
$600-700K | 6 | 0 | 0% | 108 |
$700-800K | 1 | 0 | 0% | 16 |
$800-900K | 4 | 0 | 0% | 76 |
$900-1 million | 1 | 0 | 0% | 106 |
over 1 million | 1 | 0 | 0% | 297 |
TOTAL | 477 | 67 | 14% | 85 |
What does this mean?
Sellers, if you are between $200,000 - $350,000, priced right and your property shows well, then get ready to move. You should see an offer.
Buyers, there is plenty of inventory to choose from, but don't wait too long, homes are moving.
Looking over the data from last month compared to today, the sales have increased from 12% to 14%. The average days on market for listings has gone from 98 in December to 85 today. Our market is picking up, get ready for spring & ready to move!
If you are thinking about selling your home in or moving to Marysville, give me a call.
Jen Hudson, GRI (360) 652-1200 or jen@jenhudsonhomes.com
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