Dear Neighbor,

When you’ve outgrown your current place, and you’re looking to move to a home that provides all the space and amenities you need, you want to make sure you’re maximizing your returns. However, you already have so much on your plate, add managing a move and preparing to sell, and things look less than appealing.

For most of us, our home is likely the most significant financial asset we’ll ever own—so you are right to want to understand your asset within the context of our local market. As you consider selling, you deserve insight and guidance from an expert in your local market.

Here’s a review of the top things to know about the Concord real estate market from November 14th, 2022, vs. December 14th, 2022.

Inventory Was Fairly Steady and Demand was Strong

With the limited number of properties and consistently high demand, Concord saw an increase in median home prices, from 1.3M in November to 1.4M in December. In December, slightly fewer homes were listed than in November, pushing median home prices up 0.93%. The sale-to-list percentage (how close the actual sale price was to the original list price) dipped to 102% — down from last month’s percentage of 104% a difference of 2% points! To capitalize on your investment, you’ll want to work with a real estate expert who understands how to strategically price and market your home, so you get the maximum return.

Median Sale Price is Still on the Rise

When correctly priced and positioned well on the market, most homes are selling at or above list price—and we are starting to see them linger longer in the market. Average sale price has climbed higher to $1.38M in December, up ever so slightly from $1.31M in November. Median days to offer creeped up to an average of 22 in December from 18 in November. Even small nuances in these stats matter when you are selling your largest financial asset—and that’s exactly why you deserve a strategic marketing plan.

We Continue to See Homes Sell with Multiple Offers

Despite National Headlines, our housing market is quite active. With the right strategic plan, pricing, and positioning for your property, we can attract maximum offers and get your home sold for the highest possible price in the fewest days on the market.

As a homeowner, what does this mean for you?

If you’re thinking about selling in the next 12 months, now is the time to start preparing for market.

When I work with my clients, I take a holistic, 360-degree approach. This means understanding your exact needs—and only then, applying the right strategies to get you the maximum price with the fewest days on the market.

As a Concord resident that’s highly passionate about our area and with a strong background in marketing (at companies like Facebook and Yahoo!), I implement proven strategies designed to attract qualified buyers. This way, we can get you the highest price for your home with the fewest days on the market.

If you are thinking about selling your home in the next 12 months, call me today for your Strategic Marketing Consultation → 978-734-4663

We will cover your goals and my unique holistic approach to getting you the highest possible price in the fewest days on the market.

Call Today → 978-734-4663

Jamie Patterson
License # 9578512
eXp Realty
Jamie.Patterson@exprealty.com
978-734-4663

 

Concord Market Highlights

 

Single-Family Home Stats	11/14/22 vs. 12/14/22	Analysis
Median Sale Price	↑ .85%	Median sale price is now at $1,400,000 up .93% from $1,302,500 in November. When you price correctly from day one, you can maximize offers and ultimately sell for the highest possible price as quickly as possible.
Median Days on Market	↓ Down 11%	Median days on market are exceptionally low, at 17 in 2022. Strategic pricing and marketing ensure your home sells for top dollar in the fewest days on market.
Sale-to-List Price Ratio	↑ 2%	Correctly priced, strategically marketed homes are selling at or above list price, making it especially important to start with an expert strategy from day one to sell for the highest possible price in the fewest days on market.
Price per Square Foot	↑ Up 14%	Demand in Concord is on the rise, and price per square foot is now at $496/sq. ft. in 2022, an increase compared to $434/sq. ft. in 2021. To maximize your results, it’s extremely important to have a proven strategy and expert guidance from the beginning.

Source: 2022 MLS Property Information Network, Inc.