Park Circle Real Estate Market Updates

Park Circle Market Update – June 2021

Summer is in full swing and the Real Estate market is still red hot with very few signs of cooling. Prices continue to soar, but lumber prices are thankfully starting to come back down. Unfortunately, due to Covid-related restrictions, the cost of paint is going up due to limited supply. This is bad news for those still looking to freshen up their home with a pop of color.Let's take a look at the market...

Park Circle Market Update – May 2021

The month of May saw the following trends continue: Inventory remains low and demand remains strongLimited supply = record-high home pricesLumber prices, supply and demand, migration from northern cities to warmer climates, low interest rates.  It's all combining to create a real estate market that is short on available housing and increased competition for properties that are on the market. Let's take...

Park Circle Market Update – April 2021

The month of April saw the following trends: Inventory is low and demand remains strongProspective buyers shopping today have 52% fewer homes to choose from than at this time last year, according to Realtor.com's Monthly Housing Trends Report.  Less than half the usual supply = record-high home pricesIt comes down to supply and demand. The fact is, housing supply is down and this lack of inventory is...

Park Circle Market Stats – March 2021

The month of March has come and gone and one thing remains constant... Buyers keep buying, and interest rates keep rising. Even with higher interest rates (now around 3.35% for buyers who put 20% down), it still isn't deterring buyers from making offers on properties. The other fairly constant thing that I'm noticing is that, more properties are selling ABOVE the list price. Between...

Park Circle Neighborhood Housing Market Info

Park Circle Market Monitor As a Realtor and specialist in the Park Circle neighborhood it's my job to know exactly how well the market is going at any given time. How I do that is by analyzing the latest market statistics provided by my local Realtors association. As a potential buyer or seller, this information can be invaluable. Below are specific market statistics that show the progress in Park...

Location, Location, Location

Location, Location, Location...How to tell if your neighborhood is on the rise (using Park Circle as an example)! You know the old home buying adage, "Location, Location, Location..." Well, in today's marketplace that saying is even more important. The last thing you want to do is buy in a marketplace that is in decline. One of the reasons I chose to live in Park Circle was because of its potential as a...

Compare listings

Compare