Providence Hills Market Report 3Q 2017
Greetings! I’m your neighborhood agent, who lives next door to Providence Hills and loves the community and all it has to offer, It’s time for the Third-Quarter view of what’s going on in the neighborhood for Real Estate!
I’m sure you’ve read a lot about the market and how strong it is, and it’s true! There’s a shortage of homes on the market, and buyers can have limited choices. Houses in good shape, priced right, and in good areas tend to sell quickly!
But how does this translate into Providence Hills specifically?
So here we’ll take a look at the housing market and how Providence Hills is doing, as well as an update of what’s for sale and moving in our community right now!
Providence Hills 3Q 2017
First, let’s take a look at the activity Providence Hills has had recently. I took a look at July thru September 2017 in our MLS:
- 11 Sales
- One Expired without selling
- 1 Withdrawn
- Two Currently “Under Contract”
- 2Currently for Sale
(If you’re curious, here’s the Providence Hills houses currently for sale!)
That gives an average of 3.67 homes sold per month, although there’s still a shortage of inventory for buyers!!
The Days On Market – from when a property is listed until it sells – was strong for our neighborhood and reflects the overall market.
- Our Under Contracts were on the market for between 77 and 118 days.
- Out of 11 recent Sales – They ranged from 3 day to 33 days; 10 of the 11 were on the market for less than 30 days or less before they sold!
Price Per Square Foot – the price per square foot of all sold homes, which ranged from a low of just over $104/sf to over $150/sf, did not correspond directly with the time on the market. Setting the right price, or adjusting quickly based on market conditions, based on the condition of the property got the homes sold up and down the price and size range!
So if you’re considering selling and want the most activity on your listing and the best prices, it’s attention to the little details that matter.
If your house needs it, it’s worth it to invest in fresh (neutral) paint, carpet, clean the floors, declutter or stage, mow, fresh mulch. If you’re movimg out before the sale, staging the property can make a dramatic difference!
Will it sell without any work? Well, probably. But the longer it sits on the market, the more buyers thing there’s something “wrong” with it. Honestly, if you’re thinking of a move, get with a trusted Realtor and listen to their advice!
Providence Hills Prices
I know, I know. You’re wondering about prices.
Well, for sold properties we ranged from a low of $390k to $520k.
(if you want to keep track of what’s going on in the neighborhood, I have a FREE Monthly Market Report I can send out to your email. You get to see what’s for sale, under contract, and sold! Just email me and I’ll get it to you!)
If you want to see all Providence Hills Homes For Sale just click the link!
Providence Hills This Month
I repeat this over and over, but throughout the market we have a shortage of homes for sale and many more buyers than there are houses.
With the Holiday seasons coming, historically the market slows down. There are still an excess of Buyers on the market looking for homes, so the holidays may see a slight slowdown, but it’s an excellent time to be on the market with your home! As the old adage goes, if they’re shopping in the holidays, they serious!
Anyone can sell a house, but not everyone has lived in your community and can be a passionate advocate for it like I can! If you’ve been considering a move, I encourage you to reach out to me and let’s have a conversation about the market, your home, and how to navigate the complex and confusing process!
Have a great day!
Mahool Nance Team