Good morning Mountain House market watchers,
As November ends, we are once again able to analyze the market trends. This month Mountain House saw a total of 19 sales, with the average at a 4 bedroom for $425,666. The average home this month sat on market for 33 days, with the median at 16 days on market. The reason for the discrepancy being a few brand new homes from the builder sitting on market for over 120 days. All 19 sales totaled by dollar value just over 8 million.
Although winter months tend to see less traffic from buyers, as seen in these stats, it is very clear that Mountain House real estate is still soaring. The majority of homes are selling in under two weeks with multiple offers. The market is strong from the lowest sales price to the highest sales price, as seen from the healthy range of sales from $353,000 to $599,000.
Often clients ask, “is it too late to buy?” or “has the market peaked?”. Based on facts and figures just from November alone, it is safe to say that the market is still strong, and prices are still going up. My advice, just make sure to buy a home with features that will hold their value. There are certain features in a home that buyers will look for, such as a 4 bedroom versus 2 or 3, that will help a home retain value in the long run.
Make sure to work with a knowledgeable agent who can help guide you to purchasing a home that has long term value.