Homes For Sale in Alexandria La- Housing Market Report
Considering a relocation this Summer to Alexandria, La? Or perhaps it is time to move on with the next chapter of your life. Either way, market knowledge is key to making a wise decision. Let's take a look at how the Alexandria Louisiana housing market is performing in late Spring.
Homes For Sale in Alexandria La
As of late Spring 2016, there are currently 143 homes for sale in the 75k-299k price bracket. Within this group, there are condos, town homes, ranch homes, and even a few properties with acreage! With a median size of 1,860 heated, your housing dollar will purchase a large property in greater Alexandria. Currently, there is 5.1 months of supply of inventory in our market. This means if no new properties hit the market, the inventory would be "zero" at the end of that time-frame.
Homes That Have Recently Sold in Alexandria La
Thus far 2016 has been a great year to sell a home. With limited inventory, properly priced houses are going under contract in a matter of days. In the past thirty days, 27 homes have successfully closed escrow. How long will it take to sell my Alexandria home? Every property is unique, but the average time on market is a brisk 58 days.
What Do These Numbers Mean For Local Buyers?
- Expect competition from other buyers. With a lack of inventory, we see multiple buyers viewing the same properties.
- Have all your ducks in a row. Get pre-approved prior to touring homes. Sellers locally generally expect a pre-approval letter with any offer. Need a lender recommendation? Just give me a call (318) 613-1994.
- Be realistic with your offer. Given the low inventory, sellers are getting close (if not over) their asking price.
What Do These Numbers Mean For Alexandria La Home Sellers?
- Plan the next step prior to placing your home on the market. Don't assume you will have "months" while the home sits on the market.
- Price right from the start. Even in this strong market, 69 properties have failed to find a buyer during their listing term.
- Pay attention to curb appeal. Buyers will usually find the home online, then do a drive by. If the yard is a mess, there is a good chance the buyer will strike the home off the list.
Preparing Your Home To Go On The Market
Ready to Explore homes for sale in Alexandria La? Click Alexandria La Real Estate to see homes for sale in the region. Feeling overwhelmed? Relax, just call Doug Rogers (318) 613-1994. I will be there for you every step of the way!
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