Northern Meadows Market Report March 2015

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Spring is in the air for the Northern Meadows real estate market.  Most of the statistics for Northern Meadows are comparable or up when compared to the first two months of 2014.  One story homes are selling almost three weeks quicker than January and February of 2014.  The sale price as compared to listing price was basically the same as 2014, but the square foot pricing is the only statistic that is down (a little over $2) when compared to the same timeframe last year.  Two story homes are selling for almost 10% higher per square foot and for almost 3% higher in the comparison of sale price and listing price.  Even the amount of time to sell is basically the same (65 days in 2015, 63 in 2014).  The market should continue to gain momentum as the calendar progresses further into 2015.  Low interest rates, reduced mortgage insurance premiums and easing of lending restrictions should contribute to the market increasing through the spring and into summer.  Demand is already starting to increase in certain parts of the market, which includes homes in Northern Meadows.  If you’d like a no obligation estimate of your home’s value in the current market, you can email me at paul@bluedoorhomes.net .  Your home may be worth more than you think!

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