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A New Market Update for Columbia

 
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Manage episode 193627532 series 1320552
Content provided by Brent Downing. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Brent Downing or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.


What’s going on in Columbia right now? Here’s a quick look at the latest real estate market numbers.


I’m here at one of my open houses (108 Summit View Ct. in Chapin) to bring you the latest market numbers for Columbia real estate. Here are some of the figures we’ve been keeping an eye on:

1. We’re up to about 12,000 sales this year. That’s a 4% increase from the 11,000 we saw last year.
2. The big news is with the average days on market. They have dropped from 84 days last year to 71 days this year.

3. The average price is up 2.5% from $188,235 to $192,831. That’s a nice, healthy appreciation. When we get into the 8% to 12% range, that will put us in the range we saw before the last bubble.

4. The average list-to-sale price is up from 97.8% to 98.9%


Inventory is low and demand is high.

What does this mean? Basically, we don’t have much inventory. We have buyers going crazy right now looking to buy houses, so if you or someone you know is thinking about selling anytime in the near future, don’t hesitate to give us a call. We would be happy to come over, take a look, and give you a realistic estimate of what your home could sell for.

If you have any other questions in the meantime, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon!
  continue reading

22 episodes

Artwork
iconShare
 
Manage episode 193627532 series 1320552
Content provided by Brent Downing. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Brent Downing or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.


What’s going on in Columbia right now? Here’s a quick look at the latest real estate market numbers.


I’m here at one of my open houses (108 Summit View Ct. in Chapin) to bring you the latest market numbers for Columbia real estate. Here are some of the figures we’ve been keeping an eye on:

1. We’re up to about 12,000 sales this year. That’s a 4% increase from the 11,000 we saw last year.
2. The big news is with the average days on market. They have dropped from 84 days last year to 71 days this year.

3. The average price is up 2.5% from $188,235 to $192,831. That’s a nice, healthy appreciation. When we get into the 8% to 12% range, that will put us in the range we saw before the last bubble.

4. The average list-to-sale price is up from 97.8% to 98.9%


Inventory is low and demand is high.

What does this mean? Basically, we don’t have much inventory. We have buyers going crazy right now looking to buy houses, so if you or someone you know is thinking about selling anytime in the near future, don’t hesitate to give us a call. We would be happy to come over, take a look, and give you a realistic estimate of what your home could sell for.

If you have any other questions in the meantime, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon!
  continue reading

22 episodes

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