Real Estate Market Trends

For answers to your Real Estate questions, call 772-485-4188 Anna ChroscickiREMAX MasterpieceVisit www.annasellsrealestate.com 03/22/2023

  Southshore in Aurora was the location for the 2007 Parade of Homes and features some custom homes backing to the Aurora Reservoir.   William Lyons (previously Village Homes), Capital Pacific, Pulte, and Century Communities have built homes in Southshore.   William Lyon Homes, Century, and Richmond are now building new homes.  A few homes offer a prime location to watch the sunset over the Aurora Reservoir.    This neighborhood is located in zip 80016.   Currently, there are 1,022 homes built with 2,700 planned for the entire community.Southshore in Aurora is located East of E-470, and has a clubhouse with an exercise room, a party room complete with a kitchen, plus a theater and an outdoor pool.   Southshore is located within the Cherry Creek School district, minutes to Southlands sho... 03/22/2023

Latest news on the Huntersville, NC real estate market in February 2023... What it means for you... What you need to know... Huntersville home sales increased almost 50% month-over-month in February, but decreased year-over-year. At the same time, the inventory of homes for sale was at its lowest level since March 2022 and new listings were at their lowest levels in three years.  The Huntersville housing market has softened as evidenced by higher days on market, but is still "holding its own," especially with respect to home prices, which increased both year-over-year and month-over-month in February 2023. The average sale price in February 2023 was at it highest level since March 2020. Huntersville Housing Market Highlights: February 2023 HOME SALE PRICES UP YEAR-OVER-YEAR & MONTH-OVER... 03/23/2023

“Consumers have been slow to adjust to higher interest rates,” said Yolanda Muckle, 2023 President, Maryland REALTORS®. “What I see when looking at February’s statistics are the number of new listings, 5,071 new listings last month, which is a more than a 32% drop from the previous year. To me this speaks of Maryland’s lack of ‘missing middle’ housing.”  Maryland Home Sales Continue to Drop Amidst Signs of Improvement in the February 2023 Maryland REALTOR® Housing Stats   ANNAPOLIS, MD—March 16, 2023—Maryland home sales dropped 27.9% to 4,268 units in February 2023 against 2022’s figure of 5,923 units, according to the latest Maryland REALTORS® Housing Statistics Report. The average sales price rose 3.7% to $432,529, while the median sales price increased 4.2% to $375,000, continuing th... 03/22/2023

Gilbert, AZMonday Mar 27 2023This week the median list price for Gilbert, AZ is $649,450 with the market action index hovering around 49. This is an increase over last month's market action index of 45. Inventory has decreased to 350. Click here to stay informed with the Gilbert market!  Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues. The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.   YOUR   Latest activity in the VALLEY of the SUNFor ALL your Valley AZ Real Estate NeedsPHONE   Bill   at   602-999-0952Text         Bill   at  ... 03/27/2023

As we move into the spring season, it is important for both buyers and sellers to stay informed about the current state of the market. By working with a knowledgeable and experienced real estate agent, you can navigate the complexities of the market and make informed decisions that will benefit you in the long run.It's important to note that the spring market is a crucial time for both buyers and sellers. As the weather warms up, more people become interested in buying and selling homes. This increased demand can lead to higher prices and more competition for desirable properties. If you're planning to buy or sell a property this spring, it's crucial to consult with a local agent who can provide you with valuable insights on the best time to list or start looking. By doing so, you can m... 03/22/2023

On March 7, 2023, Realtor.com reported that in Altadena, California median list price was $1,795,000 in February of 2023 lower from $1,199,000 in January of 2023, but rose 7.0% from $1,099,500 in February of 2022. While, median sales price for a home and a condo was $1,100,000 in February of 2023, down 4.0% from February of 2022 in Altadena, California.Houses stayed 56.00 days in the market in February of 2023 up from 54.00 days in January of 2023, and increased from 43.00 days in February of 2022 in Altadena, California.The median listing price per square foot of a home and a condo was $724.00 in February of 2023 higher from $712.00 in January of 2023, and gained 2.0% from $706.00 in February of 2022 in Altadena, California.For complete more detailed information about Realtor.com’s lat... 03/21/2023

Residential Homes for Sale in Upper Providence Township, Delaware County, PA as of March 21, 20235 Active ListingsPrice Range $459,900 - $2,389,00012 Houses Pending Sale Sold in Upper Providence Twp February  2021 2022 2023 # Sold 7 6 5 Average Days on Market 11 18 64 Minimum Price Sold $314,900 $275,000 $400,000 Maximum Price Sold $520,000 $2,200,000 $1,459,789 (info Bright MLS various brokers/agents)Providence Animal CenterUpper Providence Twp is part of Media PA zip code 19063.Providence Woods SubdivisionThe Providence Animal Shelter is always in need of supplies.   03/21/2023

What’s the Value of my Escondido Home?Escondido Market Report for February 2023 Western Escondido is about 20 miles inland from the beaches. The community is located east of San Marcos and Fallbrook, in North San Diego County. It’s important that buyers and sellers in the Escondido housing market are well-informed about current local market conditions so they can make educated decisions about buying and selling Escondido homes for sale. This is particularly important in our changing market! READ MORE:A Tour of Escondido – A Diverse Inland San Diego Community The following data are based on the MLS (private sales are not included in these statistics, nor are multifamily properties, or mobile and manufactured homes). The statistics are believed to be reliable at the time this report was c... 03/21/2023

I am often asked what price can I get for my condo in Bakers Bay. What is my condo worth? First of all, there are so many different styles I will never say right off the top of my head. There are many other factors to be taken into consideration like condition and upgrades. Checking the last sales and active listing will give us a better perspective on just where the market is right now.  Before I do that research we set up an appointment for a meeting so I can inspect the unit. It is my professional opinion Bakers Bay Condos community is a very desirable place to live. Here are a few reasons why.  There are many activities for residents and the location is amazing. There is a guard on dutytwenty-four seven. This gated waterfront community has so much to offer. There are so many differe... 03/21/2023

The stats are out for the month of February, and the numbers reflect the uptick of a spring buying season.   The inventory declined 10% from last month but increased 79.4% over last year.  The inventory has not moved much since the beginning of the year. This data is courtesy of Joan Cox - House to Home, Inc. I track data daily for the Denver metro area, and the amount of price reductions have been hovering around 600-650 each week and homes returning to market have been around 225 per week.   The inventory this time of year is seasonally low, and is below 4,000 during the week, and pops up to a bit over 4,400 for the weekends.  (includes land up to high-end homes) See what homes are currently available - Active Homes for sale in Denver Buyers - If you have thought about buying a home t... 03/21/2023

 As we head into spring, activity in the Wilmington real estate market remains stable. Realtor Melanie Cameron shares how many homes have come on the market, gone under contract, and sold in New Hanover County, Pender County, and Brunswick County in the past 7 days. Want to track your home's value? Sign up on our website to receive a monthly email update with your valuation. Subscribe to our YouTube Channel or follow our Facebook page to see all of our new videos as soon as they are posted, including our informative Friday F.A.Q. series. We look forward to helping you with all your real estate needs! 03/21/2023

Reports can came out yesterday in Denver and surrounding area has the following median rents:Arvada                                     $2795Aurora                                      $2755Castle Rock                             $3338Commerce City                     $3120Denver                                     $2680Golden                                     $2500Greenwood Village               $2500Highlands Ranch                  $3045Lakewood                               $1950Lone Tree                                $4400Parker                                      $3200Thornton                                 $2548Wheat Ridge                          $1770Rents sure have gone high in the area over the last 2 years.   03/21/2023

THE HOUSING MARKET IS STABILIZING! GREAT NEWS!😊Inflation fell for the 8th straight month, in February, reaching lowest level since September 2021-Remains higher than the Fed’s 2% goal.Although more jobs were created in Feb. than expected, wage growth came in slightly slower-which helps outlook of reducing inflation.Retail sales fell in Feb., after surging in Jan.-Suggesting that Consumer Spending is slowing down in face of high inflation.Single Family Homebuilding & Permits for future construction-rebounded in Feb. offering hope the housing market is stabilizing-AND IT HAS-IN OUR TRI-COUNTY AREA.  am happy to provide Stats/Trends for any Neighborhood or Community that you may be interested in…Homebuilder confidence also improved for the 3rd straight month-despite high construction costs... 03/21/2023

What's My Watertown CT Home Worth? February 2023 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 12 active residential listings for sale. The homes for sale in Watertown CT range from an 1,208 square ft, 3-bedroom cape listed at $179,900 to a 6,109 square ft, 7-bedroom, colonial listed at $749,000.  Search for Homes in Watertown CTThe average list price of the homes currently available for sale in Watertown CT is $528,617... 03/21/2023

What Buyer Activity Tells Us About the Housing Market Though the housing market is no longer experiencing the frenzy of a year ago, buyers are showing their interest in purchasing a home. According to U.S. News: Housing markets have cooled slightly, but demand hasn't disappeared, and in many places remains strong largely due to the shortage of homes on the market. That activity can be seen in the latest ShowingTime Showing Index, which is a measure of buyers actively touring available homes (see graph below): The 62% jump in showings from December to January is one of the largest on record. There were also more showings in January than in any other month since last May. As you can see in the graph, its normal for showings to increase early in the year, but the jump this January was lar... 03/21/2023

What Buyer Activity Tells Us About the Housing MarketThough the housing market is no longer experiencing the frenzy of a year ago, buyers are showing their interest in purchasing a home. According to U.S. News: Housing markets have cooled slightly, but demand hasn't disappeared, and in many places remains strong largely due to the shortage of homes on the market. That activity can be seen in the latest ShowingTime Showing Index, which is a measure of buyers actively touring available homes (see graph below):The 62% jump in showings from December to January is one of the largest on record. There were also more showings in January than in any other month since last May. As you can see in the graph, its normal for showings to increase early in the year, but the jump this January was larger... 03/21/2023

Spanish Trail Real Estate Market Report February 2023 brings us the latest real estate market data for Spanish Trail. Spanish Trail is an exclusive guard gated community in West Las Vegas nestled in near Summerlin. With numerous amenities including its own golf course, Spanish Trail has some of the most desirable homes in the Las Vegas real estate community. We see a lot of activity in February for the Spanish Trail real estate market. Houses saw a 4% Decrease during February for the average sales price. Condos were down by 9%. However average list price for houses and condos going in to escrow were up substantially. 03/20/2023

03/20/2023

The Local Real Estate Market is showing signs of warming up, with a small bump in sales, but with lagging new listings.The RMLS (for SW Washington) Snapshot Graphic for this month highlights for us many of the key measures we look at for our local real estate market:(If you would like to pull up last month's graphic as well, please open: Vancouver & Clark County WA Real Estate Snapshot for January 2023 in another tab)Quickly we see that the Average Sales price slipped only $2k; while the Median Sales Price went up $6k. Through the last half of 2022 the price decline was rather steep. So far we don't see the same declining trend in 2023.Pending Sales were down 10, which is not significant as we have a month that is short a few days. However, New Listings fell by 78 and Active Listings fe... 03/20/2023