Chenoweth Third Quarter 2013 Market Report
Prices may have only gone up 4% in Chenoweth this year but the List Price to Sales Price changed from 4% in 2012 to 2% in 2013. That means Sellers are having to negotiate a lot less off their asking price. Homes still have to be priced correctly for this to happen...
This is the activity for this year compared to the same time last year:
|# Sales||List Price||Sales Price||DOM|
Not only are prices up, days on the market are almost half of what they were last year.
Chenoweth saw the number of sales increase 27% compared to the same period in 2012. Inventory is still low with only 7 homes for sale. It comes to a 5 month supply which is much higher than many similar neighborhoods in the Brentwood area.
These numbers are slightly lower than Brentwood's average of a 6% increase in prices.
Thankful Thought of the Day...
I am thankful for my extended family who has drawn closer together since my father passed away 18 months ago. We speak more frequently and remember each others Birthdays. It's very warming.