Michelle's Outlook Residential Market Update for November 2013

Welcome to my first residential market update for the Town of Outlook.

Here we go....

Michelle's market update for Outlook residential properties:

November 2013

4 Sold Properties -  original list prices:  $39,600 - $164,700

0 New Listings (has not been previously listed in the past year): $0

vs. October 2013

1 Sold Properties - original list prices:  $34,700

1 New Listings (has not been previously listed in the past year):  $169,000

Well good news for Outlook sellers is that the November market did have a slight jump in activity after a very slow October.

Overview:  We did see 3 properties listed in November but they all have been listed earlier in the year and therefore for this market activity report are not considered brand new listings.  The good news to sellers in the price range $0 - $175,000 is that the buyers are looking so keep your house up to shape as you could be moving by Christmas! 

Currently listed in Outlook we have 20 homes for sale and 24 including vacant lots and nearby acreages.

Michelle's Market Prediction for 2014

My prediction of the upcoming residential market for 2014 is that we are going to see an early spring (prime selling market) in the Outlook residential market.  I would guess that due to the slow fall market this is going to get things 'jumping' a little sooner and we can see a lot more properties being listed late January and selling maybe as early as the start of February. 

What this means for sellers:  Take the time over the next couple winter months to get your home 'spruced up' and ready for action as you could see a lot of buyer's winter snowprints up your driveway in February.

What this means for buyers:  Get your prep work out of the way.  Talk to mortgage lenders and get pre-approved and research the market and get to know the value of homes around town as you are going to want to know what properties are within your buying range.  When the prime season rolls in properties can come and go very quickly and you'll be better prepared at getting the house you want for the right price by doing some prep work.  You won't want to miss out on that one home you really love!

Please Note:  This data and information is gathered by me using MLS® and only includes properties listed on MLS®.