Willow Glen Home Sales - Year in Review
by Michael G Barnaba
Willow Glen Real Estate (as defined bound by Willow, Meridian, Curtner and Guadalupe Parkway)experienced a year of energetic sales. Below are graphs of MLS statistics to illustrate some of the forces and reactions at work in this market.
Thanks to continued low interest rates, able buyers and a reasonable quantity of willing sellers the market in Willow Glen proliferated.
Chart 1 shows the volume of sales peaking in May slightly trailing April's low days on market and high sales to list price ratio on Chart 2. See how year-end discounted leftovers get snapped up quickly in January to make way for spring listings. The vigorous market heats up to white hot in April and in May list-to-sold price ratios get closer, tracking volume.
Chart 3 illustrates the interplay of new listings and closed sales as it fuels volume dynamics like two pistons in a money engine!
Charts 4 & 5 highlight the price arenas of most potential in Willow Glen. Setting list price requires good data, an expert CMA matched with marketing plan disciplined by an intelligent sellers goals. Keep it real!
Happy Holiday and if you enter the market in 2014 let me know your views and comments.
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Chart 1 - No big surprise that volume peaked in May as availability of new listings and eager buyers collide. |
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Chart 3 - This chart helps put the above chart into perspective. |
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Chart 4 - Of the 350+ homes sold in Willow Glen this year here is the distribution of TOTAL NEW LISTINGS across price ranges. |
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Chart 5 - Closed sales tracks with new listings as far as prices ranges go. Showing market driven pricing prevailing. |