Blackhawk CA Homes for Sale | Blackhawk Market Update November 2017
- Inventory flat for past 3 months
- While pending sales have been falling sharply
- Prices mostly stable
- Time on market way down in November
While inventory has been flat for the past three months, pending sales have fallen sharply during the same period. Only six sales went to contract in November, compared to 18 in August, 13 in September and nine in October. Price indicators have been mixed but mostly stable, while time on the market was only 18 days in November.
23 homes were actively listed at the end of November, compared to 24 at the end of October and 25 a year ago. Pending sales were down a third from October and 40% from November 2016. A 3.8 month supply was on the market at the end of November, up from 2.7 months at the end of October and 2.5 months a year earlier.
The average sale in November took 18 days, way down from 74 days in October and 80 days from November 2016. November’s ales closed for 95% of their list price, unchanged from October but higher than November 2016’s 89%. The price per square foot fell from $513 in October to $482 in November.
The tables below provide further details on the current market compared to prior periods, as well as a look at different market segments.
Sellers: It is a great time to be selling a home in Blackhawk. Inventory is very low and demand is strong, especially for prime properties in excellent condition that are priced right. Proper marketing and staging will be important to getting the most for your home. While multiple offers are still occurring for a few select properties, most other homes have to be priced strategically to get top dollar. More than ever, having a highly competent agent who knows the Blackhawk market will be critical to your success
Buyers: The current market has been fairly balanced, especially compared to the previous few years but inventory is low and multiple offers much more common than in the past year. Prime properties, in particular, are getting a great deal of attention and multiple offers. Being prepared to act quickly will be the key to getting the home you are looking for. Having a professional Realtor who understands the Blackhawk market and your own strengths as a buyer will put you in a strong position to secure the home you really want.