During this period of projected gloom and doom, I’m finding a serious lack of inventory in some price ranges. In the last couple weeks the phones have been ringing, but when it comes down to finding the “right” house, there’s not much out there to look at. This is especially true in the $800,000 to $1 million price range. In this price range one will typically find homeowners already living in Sudbury looking to trade up, but this can’t happen until the “right” house comes along. The key word is “right”. This means a house that is well priced and a decent value for the money. Maybe it’s got the square footage, the type of neighborhood and/or the upgrades that a buyer finds desirable. Sometimes the “right” house has all these things, but homes in this price range are lacking.
Currently there are 19 properties active on MLS between $800,000 and $1 million in Sudbury. Of those properties, 3 already have accepted offers and 2 are located in an adult community (for residents 55 years of age and older). So realistically there are only 14 properties available. This number shrinks dramatically for families searching for homes within specific school boundaries!
Inventory is low in other price ranges too. This is especially true when looking at newer inventory. Much of what is available has been on the market for more than 3 months and has already been viewed by the qualified buyers actively seeking a new home.
So if you’ve been thinking about selling, but are scared by what you’re hearing on the news, call me up. I may already have someone seriously looking for a property just like yours….
No comments:
Post a Comment