What's My Creekstone Home Worth? Market Report for June 2014
- Properties currently Active on the market: 4
- Single-family properties closed in June: 4
- Average sales price: $428,180
- Average list price: $427,492
- Average sales price to list price ratio: 100.2%
- Average days on the market: 37
- Pending sales: 15
- Creekstone absorption rate: 1 month of inventory (a normal or steady market would be 5-7 months, a buyer's market would be in excess of 7 months, and a seller's market would be less than 5 months)
Creekstone is experiencing an extreme seller's market. This new development got off to a slow start back in 2008. There wasn't any activity for almost 2 years. It is finally nearing the end of the development with just a few homes left. The new construction is keeping home prices high.
Want to know what your Creekstone home is worth? Click the photo below to get the instant value of your home.
Existing home sellers would be wise to price their homes lower than the new construction. Although, I do think the older models have more desirable floor plans than the recent new construction floor plans. You also want to make sure that your home gets above average marketing coverage on the internet.
With 92% of buyers beginning their home search there, your home needs to have the best coverage possible online. This goes way beyond just syndicating your home to other websites.
Although, the majority of Creekstone homeowners are staying put, it important to make sure your home is marketed properly when you get ready to sell. It's especially important to have professional photography because you will be competing with new construction which is always a challenge.
With new construction finally coming to an end, it may be a good time to sell your Creekstone home. You want to make sure your home stands out from the competition and the best way to do that is to have maximum coverage on the internet.
When you are ready to sell your Creekstone home, contact Tammie White at (615) 495-0752.
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