Parkland Market Update Third Quarter 2014

The Parkland Real Estate Market continued to sell at a steady pace during the third quarter of 2014.  Here is a quick look at the activity during that period.Screenshot 2014-10-21 15.03.01

There are currently 222 homes active/available on the market.  During the third quarter of 2014, 38 homes went pending/under contract and 55 homes actually closed.

 

 

Further analysis shows that our ‘sweet spot’ remains in that $500,000.00 – $750,000.00 price range with an average of 4Plus Bedrooms – a true testament to our quality of life barometer and school district.  Of the 222 homes available for sale, only 76 homes are within this price range, which means we have approximately 2 months of inventory in our best-seller category.

Screenshot 2014-10-21 15.10.35

 

 

 

 

 

 

 

 

 

Homes that are priced correctly continue to sell faster and at a higher value than ones that Screenshot 2014-10-21 15.06.37 (1)were priced ambitiously to start.  We all want wiggle-room for offers to be negotiated, but statistics continue to show that pricing right is more effective every time for a goal of selling quickly and at a higher price point, especially as we compete with new construction sales, so this is important to keep in mind.

 

 

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