As of December 12, 2023, the Encanterra Real Estate market is presenting a mixed picture.
Active listings for the first 12 days of December stand at 45, with an additional 7 new listings. This indicates a modest increase in inventory, potentially offering a slightly broader range of options for homebuyers, contributing to a more balanced market.
During the same period, pending listings for December 1-12, 2023, total 4, with 7 successful closings. This suggests a robust closing rate, signaling a healthy level of buyer-seller engagement. The higher number of successful closings compared to pending listings could indicate a more expedited transaction process, possibly influenced by motivated buyers and sellers.
The average days on market in Encanterra for December 1-12, 2023, have increased to 78 days. This notable uptick may suggest a slight cooling of the market, giving buyers more time to consider their options and potentially negotiate terms.
Examining the average list and sale figures for December 1-12, 2023, the average list price is $640,269, and the average sold price is $627,414, resulting in an impressive 98.76% sold to list price ratio. This indicates a market where properties are selling close to their listed prices, presenting an opportunity for both buyers and sellers to engage in transactions that are transparent and closely aligned with market valuations.
In summary, the Encanterra Real Estate market in December 2023 reflects a moderate increase in active listings, a strong closing rate in pending transactions, a slightly extended average days on market, and a market where properties are selling at a high percentage of their listed prices. For homebuyers, this may provide a more balanced market with increased inventory and potential negotiation room. For homesellers, it signifies the importance of pricing properties competitively.
Stay tuned for our upcoming newsletter, where we will provide a deeper analysis of year-over-year market trends. Whether buying or selling in Encanterra, contact us anytime at Shea Preferred Realty Group for expert guidance.
