SOMETIMES STATS ARE CONFUSING... REVISITED

You may remember this post from July 2020.  I share it again (with minor changes) in response to questions that folks ask me based on flyers they receive in their mail tubes.

We live in a community that is served by a number of real estate brokerages and residents are used to getting updates in their mail tubes from several of them.  As a resident agent, I get those as well and am frequently asked about things that appear on them.  The first thing I tell people is that the sales information provided was current the day the flyer was printed, but it is very likely that it was already outdated the day it arrived in your tube.  That is why I encourage everyone to visit my website regularly for the most current market information and, if you want updates delivered to you, I'm happy to set up a personalized auto-email to keep you informed.  Whether you want info about the community in general or something more specific (like a particular model or, perhaps, basement or loft homes), parameters can be set to give you that information.

I was recently asked why our homes are not going up in value as the inventory goes down.  Well, they actually are showing an increase, but it's hard to tell that when you're looking at average prices over a year, especially when our market has changed significantly.  It is important to recognize that differences of all sorts can affect averages.  

Remember that each collection of homes has a variety of models.  

The Summit collection, for example, includes 5 models: 

Copper Ridge, Surrey Crest, Tifton Walk, Vernon Hill, and Willow Bend

 

Some of those homes have basements, some have lofts, some have wooded views, some have golf course or water views, and all have different looks (all vinyl siding, brick, and stone with different roof designs)... all of these things make a difference.  Looking at comparable homes that have sold recently is more important than looking at generalized averages.  Please contact me if you'd like to see what the comps for your home look like.  

 

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