Batavia Home Sales Update Covering July 2017

Batavia Homes Sale Update | July 2017 | Batavia Homes For Sale

Batavia School District | Batavia Home Sales Update

 

Batavia Home Sales Update

Batavia Home Sales Update once again has the strongest numbers of the year to report for two key categories.  For 2017, July showed the highest average sale price.  It is up another $1300 from last month and over $20,000 for the months prior to that!  Having an increasing average sale price can be caused by an increase of higher priced homes like new homes, and/or it can simply be that the average home price continues on a healthy path.  

The other record setter is the highest sale price to listing price ratio.  It climbed to 97.86%.  This means sellers are seeing very close to asking price for their homes.  Buyers are seeing the value of homes in the district and are willing to pay the price for them.

Days on market continues to be very strong.  While not the strongest in the county, homes are selling in about 2 months.  If homes listed under $200,000 are not getting serious interest within a couple weeks of going on the market, buyers are sending a message.  First check the marketing to make sure that it is being seen by buyers and also that the marketing is presenting a desirable message about the home.  Second, check the price against what has actually closed.  Too often homes are listed primarily looking at homes that are active, i.e. have failed to sell so far.  A home seller must understand what buyers have actually been will to pay for a home, not what a seller is hoping to get.

 

If you are looking for an agent to sell your home who understands home sales in our area, call or text us at 513-201-7890 or Click Here!

Batavia School District Market Update (Each month is the previous 6 months totals & averages)

 Active ListingsPending ListingsSold ListingsAvg Active PriceAvg Sold Price% of List
To Sale Price
Absorption Rate
> 6 = Buyer's Market
< 5 = Seller's Market
Avg Days
On Market
January, 20174813127$176.972$170,72196.47%2.960
February, 20174825108$220,589$179,45896.84%4.162
March, 2017483099$228,197$178,11796.97%4.777
April, 2017464091$235,236$176,14696.99%5.768
May, 20173239108$221,912$187,57797.27%3.9474
June, 20173830117$237,082$196,21897.583.4967
July, 20174131120$230,471$197,53297.86%3.665
August, 2017321991$256,178$219,62297.89%3.462
September, 20173822142239,995198,81597.882.555
October, 2017
November, 20173717119$232,956$189,47897.65%2.742
December, 20173418106$237.149$187,68197.5%2.946

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Batavia Home Sales Update Covering July 2017
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