Despite a very chilly month of February that saw many buyers hibernate and stay home, the sales numbers remained relatively healthy to continue what has been a decent start to 2019.
The overall Days on Market (DOM) number crept higher last month, however it is primarily due to one apartment sale that had been listed for a total of 367 days, without this property in the mix the monthly DOM number would be a very respectable 59.13 days. The inventory level also increased slightly since the beginning of the month with 48 listings currently on the market which works out to 5.05 months of available inventory based on the rolling 6 month community average.
The numbers in Lake Bonavista remain steady although not spectacular; we have seen a number of zero-day sales where properties have sold before hitting the public MLS or had buyers coming to the table immediately while others that have continued to linger on the market.
So what do these numbers mean to you? They mean that depending on what type of property you are looking to sell or buy the marketplace can vary drastically. If you are thinking of making a move don’t hesitate to contact us and we will provide you with the insight and advice you need to navigate the community marketplace.
Additionally, if you would simply like to know the current market value of your home and we would be happy to complete a complimentary professional property evaluation or you.
For a closer look at all of the active inventory in Lake Bonavista please click on the link below.