2nd Quarter Real Estate Trends: Days on Market Down Average Sale Price Rising...What about the housing?!

2nd Quarter Real Estate Trends: Days on Market Down Average Sale Price Rising...What about the housing?!

In spite of the fact that summer vacations had a slight impact on home sales for the month of June and sales held to similar numbers from the previous month, pending contracts are up from June of 2013 to June of this year by 7%! Our weather-delayed year has helped keep sales moving longer than anticipated and we seem to still be about a month behind.

The number of SOLD homes- those that buyers closed on- is up 2.4% this year. This is mostly attributed to job growth which showed a 2% increase as well.

In looking at where the increase is mainly reflected we see more new construction home starts and that is the bulk of the 4% of the total growth in inventory this past month. Re-sale inventory is still very limited and having more homes for sale in Chapel Hill or more homes for sale in Durham would REALLY help the market be more vibrant. There are so many homebuyers looking for a home to buy- they're just waiting for the perfect one and then... it gets snatched up! 

What does that mean if you're a homeowner and thinking about selling your home in Durham or if you have a home to sell in Chapel Hill? Well, we are seeing a decrease in days on the market. Our last recording was 78 and now we are down to 67 days! That means homes are selling faster! We have even seen some competition when more than one buyer finds a super house for sale!

This means some great news for the local real estate market!

Overall, the average sales price for re-sale properties has risen 3%. Now, we all know pricing your home is key to selling- as is preparing your home for sale so it shows in its best light. The local market- and even more so your own neighborhood- make a HUGE difference in just how much increase in sales price occurs. We are what's called a hyper-local market...each neighborhood carries its own set of values, so if a conversation with me about property value and preparing your home for sale would be useful, we can meet and discuss a "hyper-specific" guideline for helping you sell your house in Chapel Hill or Durham.

If you are looking for that perfect home to buy in Chapel Hill, look no further! We have some great choices for you to consider.

www.209TurtleBackCrossing.com

 

 

 

 

 

                      

                   www.4310HopeValleyDrive.com                                                                                                       

 

 

 

 

 

 

COMING SOON!

We are doing our part to increase inventory for homebuyers too! Here is a sneak peak at a super home under $400,000 near the UNC campus on almost one acre with a pool!

 

 

 

 

 

 

Check my website next week for more information or call me to pre-schedule an appointment.

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Masha Halpern and The Smart Move Team is your ultimate real estate resource for Chapel HillDurhamCarrboro and surrounding areas. Visit my website at www.TheSmartMoveTeam.com for detailed information regarding today’s real estate markets.

Masha is a certified member of The Luxury Home Marketing Institute, participates in its annual Leaders in Luxury Conference, and works with The Institute’s thousands of members worldwide to share information about current listings.

Masha is also a certified member of Keller Williams Luxury International and is Chapel Hill & Durham's EXCLUSIVE  member of Cyber Stars International – Top Realtors Using Technology – a group dedicated to taking the best and latest technological advances and applying them to real estate advertising and marketing for her clients in all price pointsMasha Halpern can be contacted for a private consultation by calling 919-414-0337 or by visiting www.TheSmartMoveTeam.com.

 
 

 

 

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Photo of Masha Halpern - Boutique Real Estate Real Estate
Masha Halpern - Boutique Real Estate
Keller Williams Realty
101 Cosgrove Avenue, Suite 200
Chapel Hill NC 27514
Direct 919-951-1780
Toll Free 877-478-4669
Fax: 919-928-9030

Masha Halpern of Keller Williams Realty provides real estate services in the Chapel Hill, Carrboro and Durham, North Carolina area including real estate services for buyer, sellers and those relocating to the surrounding areas of Apex, Bahama,Cary, Efland, Hillsborough, Holly Springs, Mebane, Raleigh, and Wake Forest. Search for homes in Chapel Hill, Carrboro, Durham or the surrounding communities.  Request a market analysis for your North Carolina property.  I list and sell residential real estate, investment property, vacant land, lots for sale in Chapel Hill, Carrboro and Durham, North Carolina area.

Chapel Hill, Carrboro and Durham, North Carolina real estate and homes for sale in North Carolina - Masha Halpern & The Smart Move Team