The Encanterra Real Estate Market between October 2022 and October 2023 witnessed some notable changes and trends.
Active Listings
In October 2022, there were 44 active listings in Encanterra. Fast forward to October 2023, and we observed a slight reduction, with 39 active listings.
Total Listings Sold
The total listings sold in Encanterra have shown a positive trend. In October 2022, there were 5 listings sold, while in October 2023, the number of listings sold increased to 10.
Average Sales Price in Encanterra
The average sales price in Encanterra has remained relatively stable. In October 2022, the average sales price was $710,480, and in October 2023, it stood at $703,590. This marginal decrease indicates that despite the market’s overall health, there may be some room for negotiation between buyers and sellers.
Sale-to-List Price Ratio
The sale-to-list price ratio has seen a slight decrease from 99.2% in October 2022 to 98.5% in October 2023. This change suggests that buyers may have a bit more negotiating power than in the previous year, though sellers are still enjoying strong pricing in the market.
See the market report details in the slides below. All data directly from the MLS.
In summary, the Encanterra Real Estate Market is displaying some intriguing dynamics. While the number of active listings has decreased, the increase in total listings sold suggests there is still demand. Average sales prices remain relatively stable, and the slight decrease in the sale-to-list price ratio indicates a balanced market where buyers have some room for negotiation.
As we continue to monitor market changes in Encanterra, you can always contact us at SHEA PREFERRED REALTY GROUP for expert guidance and support in navigating the ever-evolving Real Estate landscape. Stay tuned next month for more insights into the Encanterra Real Estate Market.
