Greetings, neighbor! It’s September 2021, so it’s time for another Lochwood Market Update!
I hope you’re doing well 🙂
Lots and lots of home sales in the neighborhood last month! Nineteen sales in all, which matches the number of sales in the neighborhood in August 2020. Looking at pending sales (sales that will likely close in the next 30 days), they are also even with what we saw during the same time period last year. Those statistics speak to the strength of our local real estate market and the continued demand of home buyers.
Once again, more than half of the homes that traded sold for 100 percent or more of their list price. That too speaks to strong demand from buyers for homes in Lochwood.
Speaking of home buyers looking to purchase their next home in Lochwood…. I am currently working with a Lochwood homeowner who needs a larger home and would also like to stay in the neighborhood. Their size preference is around 2500 square feet, 3 bedrooms or more, and recently updated kitchens and bathrooms. They would prefer a home without a pool, but if it does have a pool, there also needs to be yard space for their dogs. This buyer is pre-approved by a quality local lender. If your home, or any of the surrounding homes, fit this description, please let me know. They would love to stay in our fabulous neighborhood!
Fall is just around the corner! Stay cool, and I’ll check in with you again next month.