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| Leading the Pack |
Between 7 and 10 homes have sold per year in Dutch Creek since 2009 - that's out of 290 total homes in the subdivision. Inventory in general is expected to continue to be low in 2014, so sellers in the area can expect to sell quickly and likely get multiple offers.
Why the dearth of listings? There's several reasons, none of which are expected to change much over the next couple of years. For one, new construction starts decreased during the recession, and with the population continuing to increase we are looking at a national shortfall of 14 million housing units over the next decade!
Locally, the flooding last fall paused some sales and potential listings in Boulder and surrounding areas. Houses had to be rescued and repaired and, in a few cases, taken off the market for an extended period of time. Additionally, while home prices are starting to rise again, there are still some sellers who are waiting for their home's value to fully recover before they sell.
Another factor that is increasing demand and creating a sellers' market are the "boomerang" buyers. These are people that lost their homes during the recession and have been working on repairing their credit and saving money and are now re-entering the market to purchase. Louisville is a popular city with it's charming downtown area and great school system, and interested buyers are hovering over their favorite neighborhoods, anticipating new spring listings. If you've been thinking about selling your home, contact me for a free market evaluation and neighborhood sales. Preparing yourself with local historical data (not to mention this Real Estate Professional's expertise) will enable you to pick the best strategy to prepare your home for sale and negotiate with hungry buyers.
I would love to help you with your real estate journey.
Please contact me at 303-917-7143 or robbin@stauferteam.com
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