You're probably noticing more "sold" signs on many properties and those homes are typically not "on the market" as long. Here's a summary of what happened in Four Hills in 2012 vs 2011.
In 2012, there were 78 properties that sold thru our MLS. Compared to 57 in 2011. That is a 27% increase! In the $249,999 price range or less, there were 41 sales vs 25 or a 39% increase.
The average price per square foot was $109.03 vs $106.06 and the days on the market was 148 vs 169. In the $250,000+ price range, there were 37 sales vs 32, the average price per square foot was $118.18 vs $115.37 and the average days on the market was 102 vs 135.
So what does all this mean? Well, with most indicators showing improvement, the real estate market is heading in the right direction. If interest stay where they currently are I think the real estate market for 2013 in Four Hills will be a good one!
If you would like more specific information, please feel free to contact me anytime.
www.GregLobb.com
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