Deane Homes Report
July 2021
IS THIS YOUR MARKET?
Hi Neighbors! We are officially half way through the year and our lives are getting back to normal, the real estate market on the other hand is still moving faster than ever! In June, our neighborhood had 7 homes listed and as of today, 3 have closed escrow, and all over their original asking price. The average home in our tract has sold for $1,020,625, up from $840,545 this same time last year.
Compared to June of 2019, average sale prices in the Deane Homes Tract are up over 21%
While todays market is still hot, it is common for a "Summer Shift" to occur during the summer months. We are already starting to see a small shift, in May the average days on market for a home was 4 days, whereas in June it was 7 Days. This may seem like a small shift, especially if homes are still selling over asking. But, if you look June of last year, the average days on market was 19 days, and none of the homes listed sold for over asking. If we were to start trending down towards more of a buyer's market, and you were planning on waiting to sell, could you afford to leave money sitting on the table?
Please feel free to give me a call anytime.
Curious what model you have? | Give me a call today to find out and learn your home's value.
Please feel free to give me a call anytime.
Oliver Scherillo
949.505.4586
oliver@echelberger.com
Realtor® | DRE #02017961