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You are here: Home / Arrowhead Trends Weekly / February 2017 Buyer Focus, Best Buy from 199 home inventory.

February 2017 Buyer Focus, Best Buy from 199 home inventory.

March 6, 2017 by bobbailey

          February 2017 Buyer Focus, Best Buy from 199 home inventory 

                                                                                      March 6, 2017  Issue 257
 

         Less rain in February and folks anxious to find their dream home gave us a whopping good sales month.
 
IT IS A SELLER’S MARKET. In the past six months one home has sold under $200,000 and none listed now. We are managing sales from the lowest inventory in three decades.
One month, February, is not a complete story, but some notable differences in February illustrate a rising market. We sold only one home at 1.5 baths, all others 2 or more baths. No two bedroom homes. More four bedroom homes sold, but older homes with smaller size rooms. More than half of the homes did not have a garage. Home size is up 3% to $198 per square foot over $192 per square foot in 2016. No homes sales above $900,000.
 
   Buyers are searching for the best home value as prices rise with interest rates likely to rise too.

 

 

FEBRUARY 2017: 35 HOMES SOLD, ARROWHEAD WOODS, MEDIAN PRICE $347,500
  
Community Link of the Week: Lake Arrowhead Community Service District LACSD, water co. 
 
He who hesitates is lost. 2017
Action leads to success; delay/self-doubt does not. Call Bob.
 

 

     LakeArrowheadLiving.com   GuruBobInfo@gmail.com   Bob at 909.496.8200
     Coldwell Banker Sky Ridge Realty, Lake Arrowhead CA, 92352-1089 Since 1982.

 

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