View a video presentation of this article here.
Depending on whether you are a buyer or a seller, this has been the best or the worst month in nearly 10 years.
In the month of August, one(1) home sold. That is it. That means that in the entire month of July, only 1 home went into escrow. We usually see a whole lot more action in the month of August for closed sales.
However, one of the most telling numbers last month was the number of new listings. Ten homes were put up for sale in August. That is the highest number of homes put up for sale in the month of August going back as far as records are kept. What is most important about this fact is that it is the first time in 4 years that the number of new listings in this month has outnumbered the sold homes. We are now adding homes to the list of homes for sale faster than we can sell them. That gives us a buyers market in Holiday Lake Estates that has not been seen in a while.
As for the usual statistics I present at the end of each month, this month, that would be a bit pointless since only one home sold.
It was a healthy sale of a home on Blue Jay. The home ultimately sold for $1,102,000 but it took 87 days for the home to ultimately sell. When it finally did sell, it went for higher than the original asking price, but the homes list price had been dropped from its original asking price of $1,100,000 to $1,050,000 before it finally sold.
Luckily enough for these sellers, there must have been more than one buyer interested in the property when the offers finally came in.
This month, you will see that I am offering a new way to get your analysis. Let me know what you think about the new video presentations offered for certain articles and news items.
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