In the ever-evolving real estate landscape, staying updated on market trends is invaluable for buyers, sellers, and homeowners. For those in Lake View Terrace, understanding the monthly shifts provides a clear picture of the market’s health and direction. It aids in making informed decisions, whether you’re contemplating selling your home, looking for a new one, or simply keeping track of your property’s value.
📊 March Statistics
- Median Listing Price: $1,199,000 – This price point gives an insight into the types of homes available and their current market pricing.
- Median Sold Price: $710,000 – Reflecting the middle ground of property values that have been sold, serving as a benchmark for market activity.
- Average Time on Market: Data unavailable – This metric, when available, helps understand how quickly properties are moving in the current market.
- Price Per Square Foot: $661 – A critical factor for comparing property values and judging the fairness of a home’s price.
Market Dynamics in March
The March statistics from Lake View Terrace showcase a bustling and dynamic market. The significant difference between the median listing and sold prices suggests a competitive market, potentially with buyers negotiating more favorable deals. The price per square foot remains a crucial indicator for assessing property value.
📊 February Statistics
- Current Active Homes on the Market: 7 – Indicates the available inventory for buyers.
- Median Listing Price: $969,000 – A marker of the general value of homes in the area at that time.
- Median Price Per Square Foot: $827 – Useful for comparing different-sized properties.
- Number of Sold Homes: 8 – Reflects market activity and buyer demand.
- Median Sold Price: $909,500 – This price point shows the middle range of what homes sold for.
- Average Market Time: 11 days – Indicates a quick-moving market.
Comparing February to March
Comparing the February and March statistics, we see a noticeable increase in the median listing price, suggesting an uptrend in the market value of properties. The number of active homes remained relatively stable, indicating consistent inventory levels. The increase in the median sold price in March points to a potentially strengthening market.
Partnering with a Professional
Partnering with an experienced realtor like Robbyn Battles is invaluable in navigating these complex market dynamics. With her expertise, you can decode these statistics and understand what they mean for your specific situation, whether you’re buying, selling, or simply exploring the market.
Discover Lake View Terrace
Beyond the bustling real estate market, Lake View Terrace offers a plethora of activities. From enjoying its scenic parks to participating in community events, it blends suburban tranquility with vibrant community life.
When considering your next real estate move in Lake View Terrace, let Robbyn Battles guide you with her expert knowledge and personalized service. Contact her at 818.388.1631 or Robbyn@TheHouseAgent.com for a consultation tailored to your needs in this dynamic market.
Homes For Sale in Lake View terrace
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