March Market Update

April 17, 2017
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# of Closed Sales: 14

Average Days on Market for Solds: 22

Median Sales Price: $315500

# of news listings: 3

Months of Inventory Last Month: 1

Last month we saw only 3 new properties listed and we’re continuing to see a seller’s market with only a total of 14 properties for sale currently.  On average properties are selling for more than 100% over original asking price, the average is about 100.42% of asking price for attached properties and 102.93% for single family homes, really favoring and showing that Cheesman Park is still very much a seller’s market. I’m predicting that prices will continue to appreciate throughout the year possibly at a higher rate than 2016 as we are seeing less properties on the market month over month; last year there was roughly about a carrying average of 20 or so homes on the market  The most expensive property that was sold in March went for $845,000 for a single family home 4 bedroom 4 bathroom home it is the home that is pictured on this update, for the rest of the year I will always post a photo of the most expensive property sold for the respective month on the update!