How Did Home Sales Perform in Kingstowne During January 2018?
Home sales for Kingstowne are in for January 2018. Wondering if it’s a good time to buy or sell? The answer is yes! Sellers are seeing strong sale to list price ratios and low inventory continues to play a factor in the market. Listing your home now means less competition than waiting for spring to come. Buyers are entering the market to find their dream home and lock in their interest rate before they rise again. The Kingstowne real estate market is busy and it continues to be a sought after community; convenient location with easy access to metro, shopping, dining, and daily needs.
Let’s check in on what happened in the Kingstowne market during January 2018.
•Number of Sales: 26
•Highest Priced Sale: $740,700
•Lowest Priced Sale: $225,000
•Median Sales Price: $455,863
•Median Days on Market: 26
•Median Sale Price to List Price Ratio: 97.30%
To gain some perspective let’s go back and compare to January 2017…
•Number of Sales: 35
•Highest Priced Sale: $620,000
•Lowest Priced Sale: $275,000
•Median Sale Price: $442,500
•Median Days on Market: 33
•Median Sale Price to List Price Ratio: 97.75%
The Kingstowne housing market is a seller’s market. The number of homes sold in January 2018 is down by over 25% as compared to January 2017. The median sale price is also up by over 3%.
There are currently 37 homes for sale in Kingstowne, no change in inventory from the same timeframe last month. The homes for sale range from a short sale, 1 bedroom, 1 bath condo listed at $195,000 up to $849,900 single family home with 5 bedrooms and 3.5 baths.
Homes that move quickly have similar characteristics; they show well, are reasonably updated, and have convenient showing availability. Proper pricing is a key component to selling for the highest price in the shortest time possible. Buyers resist overpriced homes and in turn they sit on the market and become stale inventory. It takes the right marketing strategy to accomplish a successful home sale. Setting the stage for your home to debut on the market will take planning and proper preparation. If you are considering selling your Kingstowne home you need to work with an agent that knows the local market and who has a proven successful track record both in presenting homes for sale and negotiation. If you’d like to know more about the Kingstowne real estate market or have questions reach out to us. We welcome the opportunity to connect with you.
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