Sandlin Team State of the Market Report as of March 1, 2014
There are currently 381 active SINGLE FAMILY HOMES on the market, up 4.46% from a year ago. The pendings in February are up 50% over a year ago February with 63 homes under contract. That is an encouraging improvement over the home closings which were down 36% in February from a year ago February. The home sales are not consistent with some price ranges very active and others stagnant at this time.
The number of active LOTS for sale is down 2.5% from a year ago. The number of pending lots sales is up 13% over a year ago. While the lot closings in February were down 50% from a year ago.
Mirroring last month, the number of CONDOS for sale is down 28.6% from a year ago. The number of pending condos is up 50% from a year ago. And the number of closed condos in February was up 40% over year ago.
So clearly, at this time the Condo market is the strongest. However, home pendings are also demonstrating a strong positive trend.
Our Sandlin Team is leading the sales again in the area with over $14 M in closed volume to date in 2014 and over $10 M more in pending sales. It would be our pleasure to educate you on the market and serve your best interests. Please e-mail us at info(at)Marcorealtysource(dotted)com or call direct at 239.642.4450.
