Maple Leaf’s housing inventory starting to ramp-up
The median list price this week in the Maple Leaf area is $545,975. Inventory is up and the Market Action Index (MAI see below chart) is trending down recently. While days-on-market appears to be trending lower, the overall conditions are weakening a bit.
Maple Leaf’s Supply and Demand
In terms of supply and demand the Maple Leaf market is getting slightly cooler – more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer’s market, this price trend may be a result of improved quality of listings coming on the market (remodeled homes with new kitchen, baths, rooms and windows) look at the description in the listing remarks to get the full details of the homes amenities and upgrades.
Maple Leaf Home Pricing Trends
The Maple Leaf neighborhood continues to its bounce this week. We’re a long way from the market’s high point so watch the Market Action Index to predict how long this trend will last.
Sellers were also getting more for their homes, the average sale to list price in 2012 was 99,53% compared to the previously year’s 97.93% the average sales price in 2012 was $419,055 compared to 2011′s average of $400,330. Seller’s in Maple Leaf, in January, were receiving 102% of their original list price when selling.
Does it Make Sense to sell?
A shortage of listing in the Maple Leaf neighborhood is driving offers on listings at or higher then listed prices and making buying in Maple Leaf much more competitive. Low inventory levels combined with current low interest rates are bring buyers out driving homes sales that are outpacing inventory. Homeowners in Maple Leaf that have been thinking about selling it might be time to pull the trigger. Recently sold homes in Maple Leaf.
Receive a custom evaluation for your home, including comparisons to other homes that have recently sold or are on the market. This guarantees you receive the most accurate information available. To find out what your home is worth, fill out our quick form to get a Market Analysis email to you FREE.
Adrian specializes in green home marketing utilizing traditional and social media marketing to create the widest exposure of your property.