November 2016  My Monthly Market Moment

Well here we are again! Another month of amazing and record breaking stats!

November 2016 Sales are UP almost 17% in the dead of winter!! (mostly because of the sale of townhouses and condos)

Average sale prices UP almost 23% to $776.7K compared to last November.

Oh and all these sales are taking place 35% FASTER! down to 17 days on market compared to 26 days last year!

Yes, we had some new listings …10% more than were listed last year BUT total listings were DOWN by a whopping 36%.  So really, the cart is sooo empty, it’s impossible to imagine the increase in total sales is still in double digits.  Thank the real estate gods for condos is all I can say!

And speaking of condos, the average sale prices in the city are UP by a HUGE  14% to $471K and November 2016 SALES are UP by a soaring 28%.  People need somewhere to live .  Condos and townhouses are the compromise for now, since semi’s seem to have vanished from the planet, and detached housing is almost as rare as the dodo bird.

I’m still shopping for clients looking for a home, and now is the time we may even get a lucky DEAL on a purchase.  Contact me now if you like Christmas “sale” time!

If you (or someone you know), are looking for a Realtor who cares MORE about focusing on you, your concerns, goals and the successful purchase or sale of YOUR unique home, than they care about their volume of transactions and awards, please let me know the best way for me to connect, as I would love to offer my highly personal service. Contrary to that old expression, not only IS this business, but it IS personal! And, please, I encourage you to ask me any questions you may have about this post. I value your input and appreciate the time you took to read it.

 

 

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- Kate Akman

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