Real Estate Market Trends

Lakewood, CO Wed May 31 2023This week the median list price for Lakewood, CO is $749,900 with the market action index hovering around 73. This is less than last month's market action index of 76. Inventory has held steady at or around 89.  In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb. Real-Time Market Profile Never miss important changes in the Lakewood market. Median List Price $749,900 Median Price of New Listings $675,000 Per Square Foot $314 Average Days on Market 48 Median Days on Market 14 Price Decreased 34% Price Increased 2% Relisted 4% Inventory 89... 05/31/2023

Real Estate in Westport Mass is Heating Up Safe Harbor Realty has new Homes for Sale!  May 31, 2023 Smile for Spring! We have new Homes for sale in Westport, MassContact your Friendly Realtor Karen Martin for a Free list of all the New Homes for Sale and Homes coming soon on the real estate market. As per the MLS Listings  Westport Mass Homes for Sale ( Last month there were only 21 homes for sale.)  There are 41 Single Family Homes for sale in Westport, Mass The lowest priced home for Sale in Westport is listed for $328,000. The Highest priced Home for Sale in Westport is listed for $3.5 Million.  A Waterfront Home on Cherry & Webb Beach Can you imagine Owning your Own home on the Beach!  Dartmouth Mass Homes for sale There are 36 Single Family Homes for sale in Dartmouth, Mass The low... 05/31/2023

Latest news on the Tega Cay, SC real estate market in April 2023...What you need to know now...What it means for you... Key take-aways about the Tega Cay housing market in April 2023:  Median home prices increased year-over-year and month-over-month. Inventory dropped from March 2023, up slightly over April 2022. This was the lowest level of inventory Tega Cay has seen since April 2022. New listings down year-over-year and unchanged month-over-month. Days on market dropped to 23 days in April, declining 18 days from March. Lack of inventory and new listings is helping homes sell more quickly. Sold properties at their lowest level in more than three years. Again, lack of inventory and new listings is having an impact on sales. At 99.41% list to sale price ratio Tega Cay home buyers are n... 05/31/2023

This is an excellent post with great information. Thanks for sharing it.Have a super fantastic week!Joe Jackson, Realtor-KWCP 💥Strategies to Maximize Profits  ☀️For ALL of Your East Valley AZ Real Estate Needs 📞Call or 🙋‍♂Text Brian at 480-773-2370 📨Email Brian  ~  Search the MLS for FREE   ️Don't miss out on a great return! Follow these simple steps to make sure you get the most out of selling your home.  To read the full article...  Click HERE.   I specialize in the East Valley of the Phoenix Metro area - Gilbert, Mesa, Chandler, Tempe, Scottsdale, Apache Junction, and Gold Canyon ☀️For ALL of Your East Valley AZ Real Estate Needs 📞Call or 🙋‍♂Text Brian at 480-773-2370 📨Email Brian  ~  Search the MLS for FREE   05/31/2023

CHARLOTTE REGION APRIL 2023 REAL ESTATE REPORTWHAT YOU NEED TO KNOW...WHAT IT MEANS FOR YOU... April 2023 home sales declined in the 16-County Charlotte Region year-over-year for a 16th consecutive month. Pending sales were also down year-over-year for a 16th consecutive month. Sales are happening, but not at the volumes experienced in 2021 and the first half of 2022.  Higher home prices coupled with increasing interest rates have impacted affordability and continue to cool buyer demand. The market in 2021 was clearly an anomaly and we now see that year-over-year sales declines from 2022 appear significant. Sales are still occurring... just not at the pace of the last couple of years. By the same token, the housing market continues to experience steady activity with high buyer interest ... 05/31/2023

Yes! I take requests.  Thanks to Miss D, we are going to look at the housing market under 2000 sq ft. in a not over 55 area. As of today according to CMRMLS .com there are 58 homes available to purchase. The smallest is  948, the median is  1,579, the average is 1,626.SIDEBAR, tell me in the comments if you prefer median or average please.   I personally am an average person, but I do recognize the validity of using the median. The house that has the largest asking price is  $650,000.  It's very cute, updated with a pool, multiple barns on 5 acres. The least expensive is on the market at $129,950 .  It's a 2/1, 1020 sq ft and it's a fixer. It  most likely won't qualify for financing.The average homes is listed at just over $400K, just over $257 a sq ft. and has been on the market for 55... 05/30/2023

What now??!I was reading the Conference Board's latest update as I wrote my June DC real estate market report, my spirits sinking lower with each paragraph, until.... June 2023 DC Real Estate Market Update The end of May is usually the time when DC real estate prices are jumping with each sale, bidding wars are the norm, and market activity is at its frenzied annual peak,. But this year, the outlook for late spring is about as sunny as yesterday’s weather. Last week, mortgage interest rates rose to near 7% again, slamming the door shut on home purchases for many buyers. Potential home sellers are aware that prices are softer than usual, even falling for some neighborhoods and home types, so they're holding back until the market improves, contributing to lower inventory vexing willing an... 05/30/2023

On May 18, 2023, California Association of Realtors (C.A.R) reported homes values were increased 2.8% to the price of $738,520 in April of 2023 from price of $718,370,000 in March of 2023, but declined 7.9% from price of $801,680 in April of 2022 in Los Angeles County, California While, homes sales dropped 8.0% in April of 2023 from March of 2023, and fell 37.6% from April of 2022 in Los Angeles County, California.There were 2.6 months supplies of available inventory of homes in April of 2023, up from 2.2 months in March of 2023, and higher from 1.9 months in April of 2022 in Los Angeles County, California.An average it took 22.0 days to sell a home in April 2023, down from 26.0 days in March of 2023, but jumped from 13.0 days in April of 2022 in Los Angeles County, California.For compl... 05/30/2023

The Leasing Team at Foundation Rentals and Relocation just LEASED another property in Novato for $3,250. Thanks to everyone for a great transaction. For any questions about Novato property management or buying or selling investment properties in Novato, call Broker Christopher Barrow at (415) 637-8934! 05/30/2023

In our updates we like to show brief graphics that help us understand the trends; where we've been, and the direction we are currently going. The first graph shows the 3-month rolling average of Pending Sales for existing homes in Vancouver WA:When reviewing the above year-by-year trend-lines, remember that most of 2020, all of 2021 and part of 2022 received an Overly amount of financial stimulation from the Federal Reserve. Clearly the first four months of 2023 are far below the sales activity we've seen in each of the previous five years.Our next chart goes back to the year 2009, and shows both the 3-month and 12-month rolling average trend for CLOSED Unit Sales:This longer-term chart is showing what has actually Closed (not all Pending sales actually close). We see that the seasonal ... 05/30/2023

What’s My Cheshire CT Home Worth, Market Statistics for April 2023Cheshire is a town in New Haven County offering a high quality of life. It has a population of app 29,000. It offers an easy commute to New Haven CT of 14 miles; it borders Waterbury CT and is just 25 miles south of Hartford, the state capital. Currently in Cheshire CT there are 16 active residential listings for sale. They range from a 1,598 square ft, 4-bedroom cape listed at $349,900 to a 4,015 square ft, 5-bedroom new construction colonial listed at $1,148,290. The average list price of the homes currently available for sale in Cheshire CT is $746,712. The average days on market for these homes is 58 days.  Search for Homes in Cheshire CTThere are currently 20 homes under pending status and 34 under hard contract in C... 05/31/2023

April 2023 Real Estate Market Statistics for Watertown CT Watertown CT is a town in Southeastern Litchfield County, Connecticut.  The ZIP codes for Watertown are 06795 (for most of the town) and 06779 (for the Oakville section). It is a suburb of Waterbury, CT.  It's population is app 23,000 and has a town manager form of government.   It occupies an area of 29.5 sq miles.  It is also a gateway to Litchfield county along the eastern end. Currently in Watertown CT there are 19 active residential listings for sale. The homes for sale in Watertown CT range from an 672 square ft, 2-bedroom ranch listed at $235,000 to a 5,607 square ft, 5-bedroom, colonial listed at $1,500,000.  Search for Homes in Watertown CTThe average list price of the homes currently available for sale in Watertown CT i... 05/30/2023

Today’s Real Estate Market: The ‘Unicorns’ Have Galloped OffComparing real estate metrics from one year to another can be challenging in a normal housing market. That’s due to possible variability in the market making the comparison less meaningful or accurate. Unpredictable events can have a significant impact on the circumstances and outcomes being compared. Comparing this year’s numbers to the two ‘unicorn’ years we just experienced is almost worthless. By ‘unicorn,’ this is the less common definition of the word: “Something that is greatly desired but difficult or impossible to find.” The pandemic profoundly changed real estate over the last few years. The demand for a home of our own skyrocketed, and people needed a home office and a big backyard.  Waves of first-time and second-ho... 05/30/2023

Highlands Ranch, CO Tue May 30 2023This week the median list price for Highlands Ranch, CO is $825,000 with the market action index hovering around 77. This is an increase over last month's market action index of 76. Inventory has increased to 77.  The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices. Real-Time Market Profile Never miss important changes in the Highlands Ranch market. Median List Price $825,000 Median Price of New Listings $678,000 Per Square Foot $256 Average Days on Market 39 Median Days on Market 14 Price Decreased 31% Price Increased... 05/30/2023

Latest news on the Fort Mill, SC real estate market in April 2023...What you need to know...What it means for you...   Key take-aways about the Fort Mill SC (29715 and 29708 zip codes) housing market include: Closed sales declined both year-over-year and month-over-month. New listings declined compared with April 2022, and were flat compared with March 2023. While housing inventory was up compared with April one year ago, it was down from March 2023. Days on market were down from one month ago and were 10 days lower than the year-to-date average. List to sale price ratio was 99.43% and increased from March 2023. Home prices declined slightly from one year ago and one month ago.  FORT MILL HOUSING MARKET HIGHLIGHTS: MARCH 2023SALES DECLINED FROM MARCH 2023 AND APRIL 2022Sales in April 20... 05/30/2023

  Local Market Update  Downtown and Nu'uanu Honolulu, April 2023   Single Family Homes April Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 3 / 4  -25% 14 / 28  -50% Median Sales Price $940,000 / $1.5125M  -38%  $1.105M / $1.2458M  -12%  Percent of Original List Price Received 78.3% / 99.6%  -21%   92.9% / 101.1%  -8%  Median Days on Market Until Sale 181 / 74  145% 21 / 9  133% New Listings 3 / 13  -77% 24 / 35  -31%  Pending Sales 6 / 11  -45% 17 / 30  -43% Active Inventory 19 / 16  19% ---    Condos April Year to Date 2023 / 2022 Change% 2023 / 2022 Change% Closed Sales 21 / 57  -63% 110 / 177  -38% Median Sales Price $487,000 / $640,000  -24%   $547,500 / $581,000  -6% Percent of Original List Price Received 98.4% / 100.0%  -2% 97.9% / 100.0%  -2% Median Days on M... 05/30/2023

On May 18, 2023, California Association of Realtors (C.A.R) reported homes values were decreased 2.0% to the price of $1,225,000 in April of 2023 from price of $1,250,000 in March of 2023, and declined 7.5% from price of $630,000 in April of 2022 in Orange County, California While, homes sales dropped 10.1% in April of 2023 from March of 2023, and fell 39.7% from April of 2022 in Orange County, California.There were 2.3 months supplies of available inventory of homes in April of 2023, up from 2.0 months in March of 2023, and higher from 1.7 months in April of 2022 in Orange County, California.An average it took 19.0 days to sell a home in April 2023, down from 24.0 days in March of 2023, but jumped from 12.0 days in April of 2022 in Orange County, California.For complete more detailed i... 05/30/2023

This quote is getting older, but even more relevant in 2023. Councilmember Charles Allen was quoted in the Washington City Paper (8/21/2O15) saying "Southwest is an absolutely incredible neighborhood.  It's a neighborhood that has so many things: Metro stations, water access, parks & greenspaces, small and big residential buildings.  A lot of people just didn't realize it was there".Audi Field, home of DC United Soccer, as well as PNHoffman's The Wharf will ensure a lot more people find this neighborhood.This view shows the opening day, which was a good day, albeit with opening issues. DC United has upped it's game this season with a few team additions, surely to benefit a stronger team.   A total of 15 homes were sold in April 2023, a drop from the previous month and a few less than th... 05/29/2023

Capitol Hill is not only a political idea, it is also a big village, a neighborhood split halfway across, half in the NE and half in the SE quadrant of Washington, DC.  Politicians work here, but people live here also.On the south side of this neighborhood is Barracks Row, and the ever growing and popular Navy Yard with the Nationals Park neighborhood.  Let's consider that we will return to some level of foot traffic here in the summer of 2022, even if not 2019 levels yet.The Navy Yard has very good Metro access, and is also home to baseball's Nationals Park. This neighborhood has also become the 'it' neighborhood, growing faster than any other in the past year.  All the residential growth has fueled demand for lots of new neighborhood amenities, which brings more people.  It certainly ... 05/29/2023

 [ This is the neighborhood in Washington, DC.  Everyone wants live here, or to come here to eat and enjoy the city.Logan Circle is the quintessential NW DC neighborhood.  It simply looks and feels right, without the attitude one finds with the usually older & more established NW neighborhoods.Penn Quarter, closer to downtown/ Penn. Ave., has the nightlife, clubs and Capital One Arena.Shaw is the place to be and the neighborhood has a great feel of new & old woven together.  As we swing into summer, we have stabilized a bit from the market contraction we saw at the end of the year.  We are about the same numbers with homes sold in April vs. the previous month for a total of 43 homes sold in April 2023. This month we are again below the 5 year average of 81, but moving into summer, we wo... 05/29/2023