Musings on Food, Fun & Real Estate in the Mother Lode
How many homes in Tuolumne County sold at or above their asking price in 2013? 329! That is 36% of the homes that sold in 2013. Of those 329 homes, 160 sold over the asking price while 169 sold exactly at the asking price. Low inventory and high buyer demand was the reason behind this trend. The result was an increase in the average and median home prices.
So far this year the trend is continuing. Of the 13 homes that have sold 3 were above the asking price and 7 were exactly at the asking price. That is just over 50%! With such buyer demand, if you or someone you know is thinking of selling in 2014 now would be a good time to list.
If you would like more detailed information on Tuolumne County real estate, shoot me an email or give me a call. I’d be happy to help. firstname.lastname@example.org or 209-536-3000.
Source of Sold Information: Tuolumne County Association or Realtors MLS