Knowing the value of your home is important to your financial future whether you are selling, buying, taking out a home equity loan or staying where you are. If you have 30 minutes, I have the numbers you need. Here’s a sample of today’s Browncroft Winton Neighborhood Value Report. (Keep in mind that the numbers change on a daily basis. I can set you up on a FREE notification system for the activity where you are.)
Currently there are 9 properties for sale ranging in price from $64,900 to $325,000. Compared to this time last year the inventory is down 38%.
41 homes are listed as “under contract”. The median price is $119,000. Average days on the market in the Browncroft Winton Neighborhood? 3! When a home is in excellent condition, a great location and fairly priced, it goes fast, especially in this neighborhood. There are reports of many multiple offer situations and we’re not just talking about 1 or 2 offers, we’re talking about 8 or 10 and the trend is continuing. Fear not, we’ll have a plan when your home sells fast and you need to make a move.
In the last 30 days, 7 homes were recorded as sold with an average sale price of $120,000. 100% of homes on average in the Browncroft Winton Neighborhood have received their asking price. Some well over asking price.
Buyers are ready, willing and able to make an offer with these great interest rates. Homeowners know that they will receive the best price now—and they really will. So why don’t they list? There is a fear that if they sell their home, they won’t be able to find a new one. The solution? You can put up your home for sale and make any offer contingent on finding suitable property. The right buyer will wait and still give you the best price. Let’s take the worst case scenario: you sell your home and you can’t find a new home that fits. Here’s what happens: you get a phenomenal price for your house, you do move twice, but you still get a great interest rate on your next house, you’re completely non-contingent and you didn’t settle.
The Browncroft Winton Neighborhood consistently holds its value, especially for a city neighborhood. What’s the story where you live? Contact me today and let’s talk about it!