Quick update on Cedar Park for May 2014
The month averaged 500 Available homes for sale. (This number may even be inflated a bit by a couple of condo projects starting construction.)
Closed Sales = 156 (Sales mostly from prior months that closed in May.)
Median Price = $271,000 (Half of the sales were above, half below.)
Median Days On Market = 7 !!!
The takeaway here is that half of the homes listed will sell in about a week or less. Buyers need to be more than casually pre-approved. I am asking buyers' agents for pre-approval letters of course. I am also asking how many loans the mortgage broker has closed with the buyer's agent in the past few months and if documents were delivered on time. Unless it is a mortgage officer I know and trust.
We want to see that everything has been verified and approved by an underwriter.
Better yet - have cash!
There are a few more ways to help your offer be the one accepted. Of course, that's the teaser! If you know someone needing my help, please call me to set up an introduction.
Other zip codes? About half of them have single-digit median days on the market right now.
Thanks to Gracy Title for assembling these statistics.
While it is great to have a big picture overview of the market as a whole, it can be more important to understand the market where you live. Or want to live.
If you are thinking about a real estate decision - Buying, Selling, Refinancing, Remodeling, even wondering what value to insure your home..
Please give me a call or email so I can help you.
Have a great month!
David Weekley Homes is just about out of available homesites in Westside Preserve and I am happy to be helping a family get on of the best lots left.
We have gone back and forth with a few different house plans. We have modified, re-modified, and un-modified the layouts. We have talked a lot about what features are most important.
In the end, I think they have made a very good decision about which home to build. And I am happy to have been part of working through that decision.
Most people only build a new home once or twice in a lifetime. I have the experience of going along for the ride and offering advice multiple times every year for over two decades. I have paid attention and have a lot to offer - in case you know someone thinking of building a new home.
Best of all, my fee is paid by the builder. And there is nothing to gain by visiting the builder's model without a Realtor. We are paid out of the marketing budget.
Who do you know who has been dropping into builder's model homes lately? They may need me on their side to make a good decision about real estate™.
Thanks for telling people you care about about me!