Despite record cold and snow drifts that swallowed mid size cars, the real estate market has shaken off the freeze. 90 single family residences, 9 condominiums and 19 land listings came on for sale since January 1, 2015. Some of these properties were taken off the market for the 2014 holiday season and reintroduced with adjusted pricing, but many are new.
Call this the bonus market, which precludes the traditional spring market. With checks in their bank accounts buyers are now more confident about their purchases. They are still looking for value and new or updated continue to be their preference.
Since beginning of the year there have been 22 single family homes sold, 11 others have signed contracts and 19 additional homes have accepted offers awaiting contracts. 4 condominiums have sold with an additional 7 pending and 4 others have accepted offers. Building remains strong with 2 land listings pending and an additional 14+ acre property, that will be sub-divided, with an accepted offer.
Inventory is still low with many homeowners waiting for better weather to show off their properties.