Cheryl Bourland's blog

Homes are selling in Hot Springs Village!

From January 1 through June 26, 2013, 209 residential listings have sold with average time on the market of 117 days.  With average time from pending to closing of 45 days, it means that on average the time from listing to receiving an accepted contract was 72 days, about 2-1/2 months.

The average sale price was $175,931.

There are currently 49 homes under contract that have not yet closed, with an average sale price of $206,170 and an average market time of 90 days.  Pending contracts are a good indication of what's to come, and the outlook is positive.

The inventory of homes available for sale has increased to 512 homes, and there are ample choices and great opportunities for buyers of all price ranges. 

Want to live on one of our golf courses?  How about on one of our beautiful lakes?  Don't put off your purchase in one of the best active lifestyle gated communities in the nation.  Now is a great time to buy in Hot Springs Village!

We're always looking for good news about the economy!  Slow but steady is good.  Consumer confidence is up significantly . . . buyers are buying . . . and sellers are selling.

2013 Mid-Year Outlook: Economic Growth on the Road to ‘Normal’ - The U.S. may be well into a prolonged period of steady economic growth, but it hasn’t yet reached its full potential, according to Fannie Mae’s (FNMA/OTC) Economic & Strategic Research Group. Fiscal headwinds are expected to keep growth to below 2.0 percent for the first half of the year, with gradual strengthening in the second [...] [Daily Real Estate News]

It is a good time to list your home in Hot Springs Village.  Buyers are buying now.  The fence-sitters are getting off the fence so as not to miss out on the great combination of low interest rates and fair home prices.  Sellers are no longer feeling like they have to "give their house away" as we are returning to a stabilized market.  

It's amazing how rising home values and rising interest rates will get everyone "moving"!

Read about the new consumer confidence levels . . . Americans’ Optimism about Buying and Selling a Home Hits Record Levels - Americans’ confidence in their ability to buy and sell a home climbed sharply in May, likely due to reports of strong home price gains, according to results from Fannie Mae’s May 2013 National Housing Survey. The share of respondents who say now is a good time to sell a home reached a record high of [...] [Daily Real Estate News]