One of the first questions I am asked is how is the market? Well, it wasn’t to long ago that in the Toledo metropolitan area we had over 6,000 residential single family listings. At a meeting I was at last month, the speaker mentioned that we are almost back to a seller’s market. Once we hit a listing inventory of 3,000 homes we will be back to a seller’s market. At that time in February 2013 we were at 3458 active listings according to the Toledo Board of Realtors’ multiple listing service. As of today we have increased the listings a bit to 3797. I feel this is due to continued low interest rates and the approaching our busy spring and summer market. So, with that said let's take a look at the Farmbrook subdivision located in the Sylvania School District in Sylvania Ohio.
Currently there are 4 homes for sale in the Farmbrook subdivision and there are two other homes that have accepted offers. The price of the two homes with accepted offers is $159,900 and $167,000.
So let’s look at the homes that have sold in the Farmbrook subdivision during the last 6 months. There were a total of 8 homes sold in the past 6 months. 5 homes featured three bedrooms and 2 baths. The square footage ran from $1,380 sq. ft. to 2112 sq. ft.. The price range was from $106,000 to $180,000. The remaining 3 homes were 4 bedroom homes. Each home had 2.5 bathrooms and the square footage was from 1,952 to 2,163. These homes sold from $159900 to $199,700.
The inventory is lower, the rates are terrific, so now is a great time to either sell your house or purchase a new home.
Please feel free to visit my web site at BertSellsToledoHomes.com for all your real estate needs. You can also contact me at mailto:bertspangenthal@bex.net Your resource for Sylvania Ohio and all of the other Toledo area at Key Key Realty.
Oh by the way....I am never to busy for your referrals.
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