If you couple that info with the fact that people who have listed their homes within the past three months have asked for more money for their homes and they are selling for closer to the listed price, it is a good sign that it is time to sell. Consider this other piece of information about the influx of change for demand in Woodward Lake homes. Houses that sold here between three and six months ago were on the market for 67 days on average. Houses that sold between zero and three months ago were only on the market for an average of 19 days! In essence, homes are selling three times as fast or more within the last three months vs. three to six months ago.
Anyone who has been following the local housing market knows that values have been on the rise. What is equally interesting to note is that in the most recent months as listing prices seemed to sky rocket, the home sellers in the Woodward Lake community have been getting closer to list price even with the spring price jumps. The MLS revealed that there were 20 homes sold in the past six months that sold for 97.53% of the listed price. 11 homes were sold in the past 90 days. Those homes sold for 98.25% of the listed price. Although there is less than a 1% variation in list vs. sale price when looking at three month solds vs. six month solds, if you don't include the recent three month sales with all of the sales in the past six months, then there is a 1.5% gap. Simply put, listings sold from 0-3 months ago vs. 3-6 months ago got 1.5% closer to their list price. Listing My House For Sale Now Woodward Lake Fresno CA 93720 & 93730
With buyer confidence back up to an all time high in various sectors of the economy, people with homes to sell are starting to salivate. What does this mean for you as a potential home seller? Or more specifically, what does this mean to you and your home at Woodward Lake that you want to sell. Ultimately, it is all around good news. Although it is difficult to say what is driving this buying frenzy, an article I read today at http://www.cnbc.com/id/100772854 suggests that the Fed is creating this stimulus by keeping interest rates low. Certainly a lack of supply in the housing market is creating some of the demand too.
The real estate market is swiftly changing. It is a great time to sell in order to buy up and take advantage of appreciation in a larger home while interest rates remain low. Don't miss this perfect storm so call me for a free consultation regarding how to make your next real estate move. You have often heard it said that real estate is about location, location, location. I would like to add to this saying. Real estate is also about timing, timing, timing.
Listing My House For Sale Now Woodward Lake Fresno CA 93720 & 93730