Dear Neighbor,
Ah, the thrill of finding that perfect new home with all the space and amenities your heart desires! But let’s not forget the rollercoaster ride of selling your current place and managing the whole shebang. Phew, it can be overwhelming, can’t it?
But fear not, my friend, because your home is no ordinary thing—it’s a treasure trove of memories, a haven where you’ve danced, laughed, and felt the boom of the crazy Concord cannons on many a patriotic holiday! And guess what? It’s time to ensure you’re squeezing every ounce of value out of this precious gem in today’s market!
I’m here to guide you through the highs and lows, the ins and outs, and help you make the most of your returns. So buckle up, my friend, because we’re about to dive into the mesmerizing world of the Concord real estate market. Here are some juicy tidbits comparing May of this year to the thrilling May of last year (2022).
Inventory Is Tighter Than Last Year
With the limited number of properties available and high demand, it’s more important than ever to price your home appropriately. This May, 12 homes sold, down from 22 at the same time last year. However, the sale-to-list percentage rebounded from April’s 99% to 106% in May, down from the 110% we saw last year but indicating that bidding wars are still alive and well in this market. In fact, only one home in May sold for less than asking. To ensure maximum return on your investment, working with a real estate expert who can strategically price and market your home is crucial.
Median Sale Price is Down
The median sale price decreased from $1.61M last May to $1.45M in May 2023 — median days to offer held fairly steady from 5.5 days last May to 5 this year. Homes are flying off the shelf after hitting the market, so buyers are encouraged to see properties the moment they hit the market as they likely won’t be around to check out the following weekend. Understanding the nuances of these stats is critical when you are selling your most significant financial asset–and that’s precisely why you deserve a strategic marketing plan.
We Continue to See Homes Sell With Multiple Offers
The market is quite active, and it’s not showing any signs of slowing. With the right strategic plan, pricing, and positioning for your property and goals, we can attract maximum offers and sell your home for the highest possible price in the fewest days on the market.
As a homeowner, what does this mean for you?
If you’re considering selling in the next 12 months, now is the time to start preparing for the market.
Take advantage of the best time to sell your home! If you’re considering selling within the next year, now is the time to take action and prepare your property for the market. And when you work with me, you can trust that I’ll take a comprehensive, 360-degree approach to ensure you get top dollar for your home in the shortest time possible.
As a Concord local with a genuine passion for the area and a proven track record in marketing (at Facebook and Yahoo!), I know exactly how to showcase your property to attract the right buyers. My customized strategies are tailored to meet your specific needs, ensuring we get you the highest possible price quickly. So why wait? Let’s work together to make your real estate dreams a reality!
If you are thinking about selling your home in the next 12 months, call me today for your Strategic Marketing Consultation → 917-572-5835
We will cover your goals and my unique approach to getting you the highest possible price in the fewest days on the market.
Call today → 917-572-5835
Jamie Patterson
License #9578512
Compass
917-572-5835
Concord Market Highlights
Single-Family Home Stats May 2022 vs. May 2023 Analysis
Median Sale Price
↓ Down 10%
The median sale price is now at $1,447,500, down 10% from $1,607,500 in May 2022. When you price correctly from day one, you can maximize offers and ultimately sell for the highest possible price as quickly as possible.
Sale-to-List Price Ratio
↓ Down 4%
Smart sellers are pricing their homes to move and encouraging many buyers to take a look which helps increase the eventual sale price. On the other hand, sellers that overpriced their homes now face the reality that it will take even longer to sell and go through even more price reductions. When you start with an expert strategy, you can sell for the highest possible price in the fewest days on the market.
Price per Square Foot
↓ Down 5%
The price per square foot is currently at $506/sq.ft. for the year, down from $534 in May 2022. To maximize your results, it’s extremely important to have a proven strategy and expert guidance from the beginning.
Source: MLS Property Information Network, Inc.
Top 3 Takeaways for the Savvy Seller
- You Deserve Someone Who Understands
You know how realtors always love to emphasize that buying or selling a home is like the granddaddy of all financial transactions? Well, they’re not wrong, but let me tell you, I take a slightly different approach. I understand that it’s not just about the money; it’s about the journey you’re embarking on. Every time you buy or sell a home, you’re diving headfirst into a major life transition. And guess what? I’m not just here to handle the paperwork and negotiations. Nope, I’ve got your back for all the ups, downs, and everything in between that comes with this rollercoaster of a process. If you’re looking for a realtor who truly gets the whole life transition thing, I’m your person! Let’s make this adventure a little more fun, shall we?
- Buyers Are Eagerly Searching
Hey there, parents of high school grads! Guess what? Now that your kids have triumphantly tossed their graduation caps, it’s the perfect opportunity to put your home on the market and watch the magic happen. Why, you ask? There’s a frenzy of folks out there desperately scrambling to move into the coveted Concord school district before the next school year kicks off. And you, my friend, have the golden ticket! By listing your home now, you’ll be like a magnet for all those eager buyers.
- What to Expect When Selling Your Home
Picture this: you’re ready to sell your home and score the highest price possible. Whether you’re a first-timer or a seasoned pro, success is all about having a killer marketing strategy, Jedi-level pricing knowledge, and negotiation skills that could charm a stubborn unicorn. Oh, and let’s not forget the secret weapon: a Realtor with a sprinkle of levity to keep things light-hearted and fun. Selling your home is a big deal, my friend, and you deserve to maximize your gains. So, say no to settling for less and say yes to working with a strategic marketing guru who will guide you through the twists and turns of the market, helping you reach your glorious goals.
If you are thinking about selling your home in the next 12 months, call me today for your Strategic Marketing Consultation → 917-572-5835
