Real Estate Update – February 2021

Real Estate Update – February 2021

[comment with Villages of Stoneybrook  6 month analysis following]

Hello neighbors…..I have so enjoyed the beauty of the snow. The snow reminded me of “All is calm; All is bright.” I hope you have enjoyed the peacefulness and beauty as well.

As you can see in our neighborhood, the new construction is going for approximately $188 per sq ft.  Our pre-existing homes average $145 – $148 per sq foot. We are averaging 65 days on the market.
It is still a fabulous time to sell and buy. I know listings are high; but there are so few. Listings continue flying off the shelves putting our market in a multiple offer situation. Many times there are 4 or 5 offers in a few hours with buyers bidding over list price in order to get the property. This makes it more important than ever to have your loan approval letter to submit with your offer.
Please let me know if I can help you.  Give me your criterion and I will put you on auto email for those properties  to come directly to you.  Just call me at 615-390-0927.
Eileen