Sunland Market at a Glance: A 60-Day Comparative Analysis
The real estate market in Sunland has seen significant shifts over the past 60 days, with March and February presenting contrasting trends. This blog post analyzes these variations to provide potential buyers, sellers, and investors insights.
March Statistics
Active Listings and Homes Sold
- Active Listings: There were 15 active listings as of March 14, 2024.
- Homes Sold: A total of 13 homes were sold during this period.
Median Listing Price and Median Sold Price
- Median Listing Price: The listing price was $1,095,000, a drop from February’s figures, hinting at either a decrease in market demand or a change in seller expectations.
- Median Sold Price: The selling price averaged at $932,500. The gap between the listing and selling prices suggests more room for negotiation in favor of buyers.
Average Time on Market
- 13 days.
Price Per Square Foot
- $599: This indicates a minor reduction from the previous month, providing a useful metric for property value comparison.
February Statistics
Active Listings and Homes Sold
- Active Listings: There were 9 active listings.
- Homes Sold: 9 homes were sold.
Median Listing Price and Median Sold Price
- Median Sold Price: $851,555.
Price Per Square Foot
- $614.
Analysis of the 60-Day Period
The comparison between February and March reveals notable trends:
- Increase in Active Listings: The rise from 9 to 15 active listings suggests a growing inventory.
- Higher Median Listing and Sold Prices in March: Reflecting potentially changing market dynamics.
- Decrease in Price Per Square Foot: From $614 to $599, indicating a slight decrease in value per unit area.
- Steady Number of Sales: Despite the fluctuation in prices and listings, the number of homes sold remains relatively stable.
This analysis underscores the dynamic nature of the Sunland real estate market, emphasizing the importance of staying informed about current market conditions for effective decision-making.
Properties For Sale in Sunland:
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