February Closings

In February there were 59 closings, including 43 single family homes and 11 condominium or cooperatives. Sales velocity at the under $2 million range continues to outpace the more expensive homes. There were fifteen closings over $2 million, 17 in the $1- $2 million range and 11 under $1 million. The average days on market for single family homes sold in February was 230 days. Single family home closings over $2 million were on the market an average of 263 days and those selling for less than $2 million were on the market an average 213 days. Both categories experienced some inventory that was listed for a year or more. 

Today, there are 643 listings, including 526 single family homes. Given that even more inventory is expected to come on to the market as we head into the strongest selling season. Seller’s need to make sure their home is priced right and captures the attention of current buyers in order to to sell in this season.

This Sunday there are 77 Open Houses.

Get ahead of the rest. Be prepared. Call me to learn the process, arrange private viewings and for comparables. A home is a huge investment. Work with professionals. I will look forward to hearing from you!

Mary-Stuart G Freydberg
20 years professional real estate advice
Mary Stuart G Freydberg, Sotheby's International Realty
SIR Web Signature Block

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