Well here we are with the holidays behind us, a fresh outlook for 2020 and a sense of excitement for the coming year.
I just received real estate statistics from the multiple listing service and thought I would share them with you. These numbers are as of November.
For the 12-month period spanning December 2018 through November 2019, pending sales were up 4.1 percent overall. The price range with the largest gain in sales were the $200,000 to $300,000 range, where they increased 19.6 percent.
The overall median sales price was up 6.5 percent to $180,000. The property type with the largest price gain was the single-family home segment where prices increased 7.7 percent to $186,500. The price range that tended to sell the quickest was the $100,000 to $150,000 area at 36 days. The price range that tended to sell the slowest was the $300,000+ range at 77 days.
Now let’s look closer at our area which includes Irmo, St. Andrews and Ballentine. New listings and closed sales were in the positive over 2018.
Interestingly, percent of list price to sales price received was at 97.8 percent which means you are pricing your home where it needs to be.
In the Lake Murray area (Irmo and Chapin), the average sales price decreased from $644,000 to $559,00 in November. However, the days on the market for November decreased to 74 days over 102 in 2018.
Enough numbers. Bottom line is that real estate is in the positive year to date.
So if you are thinking of selling, anytime is the time to put your home on the market with a Realtor. If you are looking to buy, anytime is a good time to find the home you are looking for.
So call me. I am Nancy Nelson with JP & Associates Realtors. You can call or text me at 803-331-0635. Or email me at [email protected]