Local Housing Market Featured in Housing Wire Magazine Feature housing trends all over the country.
Bergen County, New Jersey
Bergen County, New Jersey offers homebuyers the best of both worlds. With over 9,000 acres of parkland and easy access to New York City. “It has great schools and easy access to Manhattan, but you can also go hiking a little further north. Max Stokes said. Recently, Bergen County has become one of the hottest housing markets in the country. The data shows that the 90-day median list price of homes in Bergen County hovered around $700,000 from late May through early December 2022, before rising steadily until April 14, 2023. From Altos Research, which hit a new high of $859,000 for the week. Additionally, Altos reports that the median 90-day average days in the market has fallen to 56 days after reaching a high of 84 days earlier this year.
“We’re still running out of stock in Bergen County,” Stokes said. “People don’t move because they’re tied to low interest rates, and they don’t list their homes. For each seller, he probably has 50 buyers.” I haven’t received as many offers. “At the peak, the market panicked even more. Every house he would get 20 to 30 offers, most of which were not very strong,” he said. “Only the top 5 or 6 are really worth considering, and currently only the top 5 or 6 offers are being displayed in real estate.”
30A, Florida
Named after County Route 30A, which stretches approximately 32 kilometers along the Florida Panhandle coastline, the 30A metropolitan area encompasses Destin, Panama City, Santa Rosa, and other towns in between. Known for its white sandy beaches, coastal dune lakes, and the bright blue waters of the Gulf of Mexico, his 30A neighborhood is extremely popular with vacation home and second home buyers. “The weather and beaches are great,” said Ray Giaccoletti, a local Corcoran Group agent. “It’s really paradise here. The sun just makes me feel alive every day.”
With 10 picturesque seaside towns in the area, Giacoletti says that any homebuyer’s budget will find what they’re looking for. Altos Research data shows median list price of homes in Walton County is on an upward trend, from a 90-day average median list price of $489,500 in April 2018 to $884,000 in April 2023 Rose. Walton County markets cooled in the second half and months of 2022, but
pasadena, california
While declining home prices have made the news in most of the California housing market, Pasadena remains a strong seller’s market. The Altos Research Market Action Index scored 49, well above the 30 points that indicate a balanced market. “Inventory is still low, which is offsetting the impact of higher interest rates and fewer buyers,” said Tracy Du, local agent for Caldwell Banker.
“As a result, the last two properties we put on the market in Pasadena have received multiple offers from qualified buyers. Known for its annual Tournament of Roses, Pasadena has charmed newcomers and visitors alike since its founding in the 1880s. The area was originally home to the Native American Hajamonga tribe until he founded the San Gabriel Mission in 1771 by the Franciscan Spaniards. Today, Pasadena is home to not only Caltech, but a variety of industries.
Charleston, West Virginia
Unlike many other markets across the country, Charleston’s housing market did not thrive when the COVID-19 pandemic began. In fact, the 90-day average median list price for Charleston homes has yet to return to its late May 2019 peak of $198,358. Median list prices this spring have hovered between $160,000 and $200,000 per year over the past five years, according to data from Altos Research. Inventory continues to decline, reaching a 90-day average of 150 units for the week ending April 14, with a 90-day median list price of $193,147, a record that may be near. Seem.
Located at the confluence of the Elk and Kanawha Rivers, Charleston is the most populous city in West Virginia. With a variety of job opportunities and easy access to outdoor activities such as hiking and whitewater rafting, Charleston offers residents big-city comfort and small-town charm.
Fargo, North Dakota
An early stop for steamboats down the Red River in the late 19th century, Fargo was originally known as Centralia. The city was eventually renamed in honor of William Fargo, director of the Northern Pacific Railroad and founder of the Wells Fargo Express Company. Fargo currently has a population of approximately 128,600. It is the most populous city in North Dakota.
Over the past decade, the city has added nearly 17,000 new residents, boosting demand for housing. Despite the volatile mortgage rate environment, median list prices for homes in Fargo continued to climb this spring, hitting the highest 90-day average median list price of $373,357, according to data from Altos Research. updated. With just 170 active listings, the city’s inventory is still tight, allowing prices to stay high this spring, contributing to the city’s Altos Market Action Index score of 40.
This article originally appeared in the June/July issue of HousingWire Magazine.Click here to read the full magazine.
