Sunland Market at a Glance: Understanding the Dynamics of Real Estate. In Sunland and the Foothills areas, keeping a pulse on the local real estate market is crucial for anyone looking to buy, sell, or understand property values. This blog provides a snapshot of the latest market statistics, demonstrating key trends that could influence your decision-making process as a homeowner, buyer, or seller.
March 2024 Statistics
- Active Listings: 7
- Indicates the number of homes currently available for sale.
- Homes Sold: 9
- Represents homes that were successfully sold during the past 30 days.
- Median Listing Price: $1,095,000
- This is the middle price point of homes listed for sale.
- Median Sold Price: $875,000
- Reflects the middle price point of homes that were sold.
- Average Time on Market: 8 days
- The typical duration homes stayed on the market before being sold.
- Price Per Square Foot: $599
- Provides a basis for comparing the cost across different home sizes.
April 2024 Statistics
- Active Listings: 15
- A higher number compared to April, showing more availability last month.
- Homes Sold: 11
- More homes were sold in March compared to April.
- Median Listing Price: $1,095,000
- Consistent with April’s median listing price.
- Median Sold Price: $932,500
- Higher than April, indicating a decrease in sales prices over the month.
- Average Time on Market: 9 days
- Homes took slightly longer to sell in March.
- Price Per Square Foot: $599
- Consistent with April, it helps evaluate different-sized homes.
Comparing Market Movements
We noticed a decrease in active listings and homes sold from March to April, which might suggest a tightening market—the average time on the market decreased slightly, suggesting a faster pace for sales. The drop in median sold price between March and April could indicate an opportunity for buyers.
Why This Matters to You
If you’re a homeowner in Sunland or the Foothills, understanding these trends is critical to deciding when to enter the market. The current need for inventory and quick sales could be advantageous for sellers. Working with an experienced real estate agent can help maximize your property’s visibility and achieve optimal transaction terms.
About Robbyn Battles
As a Broker Associate at JohnHart Real Estate with extensive experience in the Sunland and Foothills markets, I am equipped to guide you through the complexities of buying or selling a home. My deep understanding of local trends and dedicated approach ensure that your real estate goals are met with professionalism and expert advice.
For a personalized consultation or more information, don’t hesitate to get in touch with me:
- Phone: 818.388.1631
- Email: Robbyn@TheHouseAgent.com
- Website: TheHouseAgent.com
Understanding local real estate statistics is more than numbers—making informed decisions that align with your personal and financial goals. Let’s explore how this market can work for you.
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