Market Update for Newtown, CT as of 4/20/2015 We have been out showing homes to buyers who can purchase in the $300,000's. Recently, we've had quite a few of these buyers and it seems to us that the market in this price range is moving well. Have to you ... it's really nice to see how nicely this price range is moving Anyway, this made us look at the market to see if we are correct.
We put together a quick little spreadsheet to compare the actives vs the under deposits in all price ranges. Here is what we found:
| $0-$100,000 | ||
| $100,000-200,000 | ||
| $200,000-$300,000 | ||
| $300,000-$400,000 | ||
| $400,000-$500,000 | ||
| $500,000-$600,000 | ||
| $600,000-$700,000 | ||
| $700,000-$800,000 | ||
| $800,000-$900,000 | ||
| $900,000+ |
The table above shows us that we are correct in what we are seeing in the market. Homes priced between $300,000 and $400,000 have the greatest number that are under deposit and not the highest number of actively listed. The $200,000 to $300,000 price range is moving well, too.
Why is this information important? If those people who have their houses under deposit in the $200,000 to $400,000 are moving up to their new bigger home, we should soon start to see more of the $400,000 to $600,000 homes go under deposit. If the house sellers in the $400,000 to $600,000 range are moving up, the number of sales in the upper ranges of our market will start to increase, too.
Market Update for Newtown, CT as of 4/20/2015 shows promise for our real estate market's recovery in 2015. Here is to hoping that this trend continues!
Click on Photo for information on the home above
Comments(0)