Improved demand for Columbia City real estate could offset negative trends

 

 

 

 

 

The median list price this week in the Columbia City neighborhood  is $372,000 is down from last week’s $389,975. Inventory and days-on-market are both trending higher recently.  However, the improving Market Action Index (see MAI chart below) implies some increased demand will temper the negative trends.

 

Percent of properties with price decreases: 41% up  from last week’s 36%.

 

Supply and Demand

 

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory.  However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI.  If the market heats up, prices are likely to resume an upward climb.

 

 

  What’s  currently for sale in the Columbia City  neighborhood.

 

 

   

 

 

 

Prices  in Columbia City seem to have settled around a plateau.  Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

 

 

 

 

 

 

 

For a more accurate pricing on residential property a COMPETITIVE MARKET ANALYSIS (CMA) needs to be done comparing your home with current properties that have sold recently in your neighborhood.

 

 

Columbia City homes for sale, lifestyle search and real estate trends. 

 

 

Columbia City is a very eclectic neighborhood that is embraced by its residences and the businesses that have located there. The business area is filled with galleries, boutiques and a host of dining and entertaining options that fill the neighborhood with color and local flair.

 

 

Columbia City has its own unique flavor which can be seen in such events like the Dead Celebrity Custom Party or a special Valentine Day event “Dancing off the Ceiling: The music of Chet Baker” are common place in Columbia City. A large number of residences in Columbia City are not dependent on large corporations for employment but rather choose careers in the “hidden tech” fields. 

 

Home based businesses, entrepreneurs that are well connected to the information economy as investors, graphic artists, freelance writers, architects, telecommuters, software consultants, and other higher paying professions.