Hello Mountain House Residents,

Time to take a look at this February’s real estate activity. With inventory so low all winter it’s no surprise this February we had only nineteen properties sell, seven of which were brand new builder homes. Of the twelve resale properties, two were condos in Cambridge Place selling for $303,000 for a 1460 square foot unit and $332,000 for a 1799 square foot unit.

Seven of the seventeen single family homes were three bedroom properties ranging from $350,000 to $576,240. Seven of the seventeen single family homes were four bedroom homes selling from $430,000 to $$569,240, and three were five bedrooms selling for $477,000 to $585,000

Just looking at resale properties, the median days on market was 13 days. Properties are selling extremely fast, and the demand for homes is high. There is no surprise that the builders cannot keep up with demand, given the low inventory. If you are thinking about selling your home this would be a great time to consider your options.