In order do know what the future holds, first you need to understand the past. We’re going to look at past history, current trends, and future predictions all under 4 minutes! If you have any more questions or if you’re looking to capitalize on this boom market before it softens, I can be reached here.
Transitioning to Phase 3 of economic re-opening, market trends remain the same. Although Lewis County has fully transitioned to phase 3, the governor has issued a statewide mask requirement. For realtors, the mask requirement hasn’t changed much, but the amount of people we can allow in a showing no longer has a limit as long […]
The month of May marked the limited opening of businesses and loosening of the restrictions of the Coronavirus lockdown. However, the limitations placed on real estate from late March through April were in place for most of May. Just recently, showings were increased from 2 people at a time (real estate broker +1) to 3 […]
Strange times, but excellent for internet memes. Now that we’re into May and gradually coming out of lockdown, I figured it would be a good time to look into the results of that lockdown. As previously reported, many homes went pending daily and new listings were still going up, though not as fast as they […]
Here is the latest chart accurate as of 05.08.2020. We are averaging 5 new listings per day and 9 go pending each day. The number of cancellations have dropped from one per day to one per week. To give you an idea of context, here is last week’s chart: Week to week, pendings are down […]
Last week, we showed a graph of new listings, pendings, and cancelled listings in Lewis County over a period of one week, 3 days, 24 hours, and a daily average. To give some context to these numbers, I thought it would make sense to do it again. This graph is from last week. This graph […]
Typically, the fourth Thursday of the month is about upcoming events, but that doesn’t seem to be a possibility at this time. Instead, here is an up to the minute market snapshot. I’ve had many people mention to me that the real estate market is crumbling. After looking at these stats, what do you think? […]
How is the market responding to the current pandemic? The Average Sales Price has stayed relatively the same, and is still at a record high for Lewis County – well beyond 2007 levels! New listings are up, dramatically as you can see from the graph. Although this graph shows that last year at this time […]
Market still going up, but appears to be leveling. Last month, the average sales price for residential property in Lewis County hit $278,138. At the end of February, that number has once again climbed to $279,996 for an increase of $1,858. In the last market update, I showed that while the average sales price climbed […]
Market Slowly Continues to Climb Average sales price in Lewis County rose about $1700 in the month of January. While not starting the year off with a “bang”, January 2019 only saw an increase of $900. Over the course of 2019, the market saw an increase of just under $35,000. I continue to hear rumblings […]