Hello everyone, and welcome back to another market update with Marie Walton, your trusted REALTOR® from Ebby Halliday, REALTORS. Today, I have some exciting news to share with all you buyers and sellers in the beautiful city of Hunters Glen, located in Plano, Texas. So, let’s dive right in!
As of September 2023, the real estate market in Hunters Glen is buzzing with activity. So, whether you’re looking to buy or sell, this update is for you!
Let’s start by talking about the inventory supply. Currently, there is a 1.97 months supply of inventory available. Now, what does that mean for you? Well, it indicates a seller’s market, where demand is high, and supply is relatively low. So, sellers, this is your chance to shine!
But wait, there’s more! Over the last 12 months, we’ve seen a significant -31.6% decrease in the months supply of inventory. This decline is a clear indicator of a strong and robust market. Buyers, don’t worry, I’ll share some tips with you in just a moment!
Now, let’s talk about something that will put a smile on every seller’s face: the list to sold price percentage. In Hunters Glen, homes are selling for an average of 100.3% of their list price. That’s right, sellers are getting top dollar for their properties. So, if you’ve been considering selling, now might be the perfect time!
Moving on, let’s discuss the median days on market. In Hunters Glen, homes are selling like hotcakes, with a median of just 22 days on the market. This means that properties are moving quickly, and buyers need to act fast to secure their dream home. Don’t worry, buyers, I haven’t forgotten about you!
Last but certainly not least, let’s talk about the median sold price. In Hunters Glen, the median sold price currently stands at an impressive $550,000. This indicates strong property values and a thriving market. Sellers, take note of this fantastic opportunity to maximize your return on investment!
Now, for all you buyers out there, I know it may seem challenging to find your dream home in such a competitive market. But fear not! Here are a few tips to help you navigate the process successfully:
1. Get Pre-Approved: Speak with a trusted lender to determine your budget and get pre-approved for a mortgage. This will give you a competitive edge when making an offer.
2. Act Swiftly: With homes selling quickly, it’s crucial to act swiftly once you find a property that meets your criteria. Consider working with a knowledgeable REALTOR® who can help you stay ahead of the game.
3. Be Flexible: Keep an open mind and be flexible with your preferences. Sometimes, a property may not tick all the boxes, but with a little imagination, it could become your dream home.
And for all you sellers out there, here are a few tips to help you make the most of this thriving market:
1. Price it Right: Work with an experienced REALTOR® who can help you determine the optimal listing price for your home. Remember, pricing it right from the start can attract multiple offers and drive up the
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