So How's the Market in Kits?
We've had few Client's interested in 1 bedroom condo's in Kit's and have often been asked, "How's the Market?".
Kits ended with an average sales price of $487,333 for a 1 bedroom condo and the trend appears to be up.
Properties are selling in just over 10 days so Buyers need to be prepared to take ACTION!
For Seller's it's a great time because there's a good chance you'll sell in just over 10 days, which means limited disruptions & peace of mind.
The fall of 2016 saw a quick dip in the Price per Square Foot, which is currently at $XXX and heading back up.
As a Seller, you are close to the peak of the market on a $ / Square Foot basis.
You can't always time markets, but you can take advantage of selling as close as possible to the top!
Inventory is down to just under 20 listings, compared to approximately 30 listings this time last year.
This makes the market place tight & competition to successfully purchase a property fierce.
For Buyers, this means pre-approvals and a good understanding of what you can afford. Often being able to comfortably write an offer with no conditions is what will win you the deal.
Being available during a negotiation is also very helpful. Believe it or not, every minute can make or break a deal!
With such low inventory, it's a great time to be a Seller & leverage such a strong market to make a change in your life.
With low inventory, strong demand and affordable pricing, we see the continuation of a strong market in Kits.
Thinking about buying or selling in Kit's?
Give us a call we'll help you every step of the way.
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