This is a monthly contribution to the Blog by Greenwood realtor Doron Weisbarth
The PhinneyWood neighborhood real estate market is alive and well! Since January, home prices increased by double digits, complete with multiple bids, and short times on market. The upward trend is particularly noticeable in the dollar-per-square foot analysis, which has been rising sharply since January. You can see the full report online at PhinneyWoodHomes.com.
And while new listings and pending sales are up, overall market inventory is still low. On the demand side of the equation, buyers were not deterred even when interest rates turned sharply upwards for a while. With some of the recent economic uncertainty now easing, and inflation seems to be mostly under check, the general expectation is for interest rates to decline, creating even stronger incentives for buyers to enter the market.
Getting the most from your transaction in this market requires a proven plan and a winning strategy. If you have questions about how to maximize your results, call Doron Weisbarth for a free, no-obligation consultation, at 206-779-9808.
