Alexandria La Real Estate Report- Fall 2017
Did 2017's goal include buying a home in Alexandria, La? Or perhaps it is time for a change and you need to sell your home in Cenla. Either way, market knowledge is key. Let's take a minute to explore how the Alexandria Louisiana real estate market is performing heading into the fall.
Homes Active For Sale In Alexandria La
As of early September 2017 there were 91 homes for sale in the 75k-299k price bracket. Alexandria home buyers have a wide ranch of properties to select from. Ranch style, Tudor, contemporary, and even a few condos make up the market. Does size matter? If so, buyers will be pleased that the average Alexandria La home is over 1,900 heated!
Homes That Have Recently Sold in Alexandria La
In the past ninety days, 90 homes have successfully closed escrow. With an average price of 175,407 dollars, Alexandria La homes remain affordable to a large section of the population. This is enhanced when combined with the low interest rates.
Perhaps it is time for you to leave Central Louisiana. A common question from sellers centers around how long it takes to sell locally. Currently Alexandria La homes take on average 67 days to find a buyer. For point of reference 180 days would be considered a "balanced market". Local sellers need to have a clear plan for their next move. Though less common than last year, aggressively priced homes are sometimes selling in a matter of hours.
Pricing property right from the start is key in most real estate markets. Thanks to technology, buyers have robust pricing comparison tools at their fingertips. We have seen homes priced as little as 5% over market value languish on the market. In fact, in the last 6 months, 51 properties have left the market without finding a buyer.
Feeling confused and overwhelmed? Relax, Doug Rogers with Realty Executives Bayou Properties will be there for you every step of the way. Give me a call today!
The Most Important Real Estate Questions of 2017
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