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Market Update - Marysville 2007 Snapshot
Posted By Jen Hudson
Let’s close 2007 with a quick snapshot of what is going on in our market place today.
The supply and demand in real estate is best gauged by looking at the number of pending sales. Here is a snapshot of what our market looks like today in Marysville for residential homes.
|
Price |
Total # Homes |
# Pending Sales |
Percentage (Demand) |
Average # Days on Market |
|
$100-150K |
0 |
0 |
n/a |
n/a |
|
$150-200K |
2 |
0 |
0% |
67 |
|
$200-250K |
28 |
6 |
21% |
85 |
|
$250-300K |
119 |
18 |
15% |
90 |
|
$300-350K |
181 |
23 |
13% |
102 |
|
$350-400K |
67 |
5 |
7% |
96 |
|
$400-450K |
40 |
1 |
3% |
106 |
|
$450-500K |
9 |
1 |
11% |
135 |
|
$500-550K |
1 |
1 |
100% |
56 |
|
$550-600K |
4 |
0 |
0% |
137 |
|
$600-700K |
5 |
0 |
0% |
111 |
|
$700-800K |
0 |
0 |
n/a |
n/a |
|
$800-900K |
3 |
0 |
0% |
79 |
|
$900-1 million |
1 |
0 |
0% |
88 |
|
over 1 million |
1 |
0 |
0% |
279 |
|
TOTAL |
461 |
55 |
12% |
98 |
What does this data mean? Well, in Marysville there is only a 5.5 month supply of inventory. That is a nice balanced number.
It means if you are looking to sell your home, and you are in the $200,000-$300,000 range, then make sure you price it right and spend time sprucing it up. Then, get ready to move because the average days on market is below 90.
If you are a buyer, you have a lot of options. Don’t wait too long because your dream home may be sold quickly. Homes that are priced right and in top condition sell first and you don’t want to miss your opportunity.
If you are thinking about selling your home in or moving to Marysville, give me a call.
Jen Hudson, GRI (360) 652-1200 or jen@jenhudsonhomes.com
Jan 1st, 2008