Argay/Wilkes Real Estate Market Update: February 2017

Did the strong upward Argay/Wilkes real estate market of 2016 continue flowing into 2017? Well, we honestly have to say “It’s hard to tell!”

How many homes sold in February 2017?

With only 3 homes being sold in February 2017, it is virtually impossible to generate any meaningful data.

The Average Price Point was up in February 2017 vs February 2016.

Of the 3 homes that sold, the average selling price was $1.245,000. It means NOTHING considering only 3 homes sold. Any time there are outliers in the market and few homes sold, the real estate statistics can swing wildly. It’s not enough to trend as far as we are concerned.

We experienced a longer selling cycle.

Average Days On Market (DOM): 100 which is really a solid cycle considering homes are selling for $1,000,000+.

The Good News: The Spring Market has come early to Argay/Wilkes

People have jumped into the spring market early! 19 new homes came on the market in February 2017 and we’re expecting that more homes will be listed in Argay/Wilkes this March and April.

And, If you would like additional information on what these numbers mean to your home value please contact us at 971-373-8294.


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