Tuesday, April 5, 2011
I recently listed a home in Barrington that, in the first month, had multiple showings and two offers. One of the offers was accepted, and the property will be under contract later this week.
Oh wait, think for a minute about the price range that this home was in -- over $400,000. Does that price range strike you as particularly hot right now?
There were 57 home sales in Harrisonburg and Rockingham County during March 2011 (as reported thus far), and only one of them was a house over $400,000. So no, the housing market over $400,000 isn't tremendously active right now --- but there seem to be buyers waiting in the wings, waiting for good opportunities to present themselves.
It was somewhat humorous when the property first came on the market, as I relatively quickly had showings scheduled by Realtors who had shown my other similar listings in Barrington and Lakewood during the recent months. It was clear that these buyers were just waiting for the right property to come along.
What does this mean to you? While there are no guarantees, if you price your house well, and it is marketed well, you might just have a chance to sell your property, even in a not-quite-so-good-yet real estate market.
