MARKET WATCH! In February 2018 the Median Sale Price for single-family, detached homes rose significantly 4.1% from this time last year to $194,500 and the Average Sales Price .8% to $225,342. The overall inventory of detached homes for sale decreased 18.2% to 2,613, the number of closed sales increased 5.6% to 693, and the number of homes to go under contract (“pending”) increased a whopping 22.4% to 1,142. The Absorption Rate (number of months it would take to sell the current housing inventory) dropped 25.7% to continue to give us a Seller’s market of 2.6 months (6 months is equilibrium). The Average Days on the Market came down 10.8% to a paltry 56 days. (GAAR)
The Sugar Team is proud to have just placed a delightful new home on the market, located at 10420 Princess Jeanne Avenue NE. The location couldn’t be more ideal, as it is situated on a residential street in the North East Heights, close to all the best restaurants and businesses. Contact Sutter (505) 850-9977 for a private tour!
Linda and Sutter