Homes in the Columbia City neighborhood staying on the market longer

 

 

 

 

The median list price this week in the Columbia City neighborhood  is $365,000  is up from last week’s $360,000.  The Market Action Index (see MAI chart below) has been down lately, indicating demand falling along with supply.   Conditions point to mildly negative trends for the market.

 

 

 

Percent of properties with price decreases: 45% down from last week’s 40%.

 

Supply and Demand

 

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau.  Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

 

 

  What’s  currently for sale in the Columbia City  neighborhood.

 

 

 

   

 

 

Prices  in Columbia City seem to have settled around a plateau.  Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

 

 

 

 

For a more accurate pricing on residential property a COMPETITIVE MARKET ANALYSIS (CMA) needs to be done comparing your home with current properties that have sold recently in your neighborhood.

 

Columbia City homes for sale, lifestyle search and real estate trends. Living in Columbia City Columbia City is a very eclectic neighborhood that is embraced by its residences and the businesses that have located there. The business area is filled with galleries, boutiques and a host of dining and entertaining options that fill the neighborhood with color and local flair.

 

 

Columbia City has its own unique flavor which can be seen in such events like the Dead Celebrity Custom Party or a special Valentine Day event “Dancing off the Ceiling: The music of Chet Baker” are common place in Columbia City. A large number of residences in Columbia City are not dependent on large corporations for employment but rather choose careers in the “hidden tech” fields.  Home based businesses, entrepreneurs that are well connected to the information economy as investors, graphic artists, freelance writers, architects, telecommuters, software consultants, and other higher paying professions.