Avery Ranch Market Update
In the 13 years I have been in the area this is the hottest I have seen the real estate market. The number of homes sold is not an indication of the market being poor. Instead, the number of sales is down for no other reason than less homeowners put their homes on the market in May compared to last year. Average sales price and the median price are both up almost 7.5%. Average $/SF up over 16% compared to May 2018. The days on market increased but that due largely to one home that finally sold after being on the market for almost a year. The market is competitive for buyers. We were fortunate to help a buyer win out in a multiple offer situation with 10 other offers. Buyers should have an inexperienced agent to help craft an offer more likely to be accepted in this market.
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Homes for Sale in Avery Ranch
While you are here, check out one of the great homes we have for sale or coming soon to the market.