Tis The Season.....To Sell Your Home

While the weather has remained cold and unpredictable, the Lakewood real estate market has remained hot! In 2013 there were 436 sales of single family homes, an increase of over 10% as compared to 2012! The median sales price increased by more than 13% over 2012, rising to $122,000!

The momentum continues in 2014! Since January 1st, there have been 64 closed transactions. Despite the weather, the average time on market was only 90 days. Most notably, the sales have averaged $147,800, and that’s nearly 98% of the asking price. Not too bad!

Currently there are 64 single family homes under contract. The average days on market has dropped to 77 days! The average list price at the time of contract is up to $145,100. Of note, 20 of the 64 homes under contract sold in 20 days or less! That’s 31%! You can check out market activity at www.HomeValuesInLakewood.Info.

With inventory low, (just 96 homes for sale as of 3/27/14) and buyer demand high expect this trend to continue through the spring market until inventory increases to seasonable levels. Now is the ideal time for home owners to do their homework and get their home ready.

Ask for a FREE Highest Price Analysis for your home. Get advice on how to stage your home to make it shine. Develop an Action Plan to get your home ready for the market. Conduct a Marketability Test to see how your home stacks up against the competition. Do your home work now. Your home may be worth more than you think!

Chris Bergin is a licensed real estate agent with Prudential Lucien Realty in Lakewood and can be reached at Chris@ChrisBergin.com.

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Volume 10, Issue 7, Posted 3:06 PM, 04.01.2014