While Buyer activity, what buyers are looking at, continues to reflect the lower number of high end buyers (over$1,000,000) looking so far this month the overall number of buyers looking at the details of listings on the site has also dropped* for the first half of this month.
The two graphs below represent the average and median price range of homes that potential buyers are looking at on one of my web sites.
Above - To Mid Sept 2011
Below - All of 2010
Remember The Real Estate Market Is Local And Sometimes Hyper Local
While charts and graphs can give you an indication of market trends they should not be used to determine value trends in relation to a particular home or vicinity. The best way to determine the Value of Your Home is a Comparative Market Analysis. To discuss today's local Uxbridge Real Estate Market Conditions, the current value of your home or the marketing of your Home please give me a Call or Text me
*these graphs look at the activity on one of my web sites only buyer activity may have moved to one of my other sites due to some promoting we have been doing
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Kathy Clulow Sales Representative RE/MAX All-Stars Realty Inc.. Brokerage 905.852.6143
Each office independently owned and operated Not intended to solicit clients already under contract
Kathy, real estate values change from neighborhood to neighborhood. A 3500 sq. ft. house can be 100% more valuable in neighborhood A vs. neighborhood B. Excellent insite into the Uxbridge area.
Sharon
Hi Kathy...Great Graphs help people visualise your message. Your Medium prices look steady. You are very correct every home can be priced differently..I know streets that pull more money at one end than the other, National Regional and Local Stats are just that...stats.
Always have a professional Realtor do a CurrentMarketAnalysis of your home.
Frank and Sharon - indeed a good comparative market analysis should be part of every Sellers decision making process when it comes to pricing their home
Fred - statistial charts help when looking for trends but are not much good when it comes to setting a price for a given property.
And don't believe the national news! And don't believe those Zillow Zestimates!
Kathy, real estate markets are absolutely local. Just had to reiterate Russel's comment about Zillow...if you want accurate up to date real estate market statistics talk to a Realtor.
Russel and Nick - nothing like a CMA done by a local real estate salesperson who in all likelehood has seen inside the comparables.