Wednesday April 3, 2013
Homebuyers are taking advantage of the extremely desirable market conditions in Lancaster County!
A recent article in the Central Penn Business Journal reported that “Lancaster County home sales were up 7.8 percent and prices rose 1.8 percent in February, according to the Lancaster County Association of Realtors.”
More buyers are choosing now to buy to take advantage of the lowest prices as the sale prices of homes begin to rise–the number of homes sold in February has increased from 255 in 2012 to 275 in 2013 with the average sales price jumping from $172,100 in February 2012 to $175,226 in 2013.
Tight inventory means more potential buyers are looking at homes on the market–so the home of your dreams isn’t staying on the market as long as in years past. The combination of high demand, low interest rates, and rising home prices are making it important for buyers who fall in love with a home to act fast.
So what does this mean for your new home search?
It means that there are more people than in years past looking at your dream home or homesite too. With increasing numbers of buyers heading into the market and buying up the most desirable inventory–if you wait, you’ll miss out on a home you love.
The low inventory and high traffic of homebuyers looking to take advantage of record low mortgage rates and prime market conditions to purchase a home are gradually pushing home prices higher. If you see a home you love today, chances are tomorrow you will be paying a higher price.
Buyers who visit The Great American Neighborhoods TM created by Charter Homes & Neighborhoods understand that a home at a great address built with character and attention to detail won’t be around for long. If you love a home–chances are someone does too, and they may be on their way to sign an agreement the moment you decide to walk out the door to “think it over”.
Take a look at some of The Great American Neighborhoods TM and Ready Now Homes that Charter Homes & Neighborhoods has to offer you–but, don’t wait too long if you find and home or homesite you love. The price you see today will likely be the lowest price you’ll see for years to come–and there is likely another buyer imagining making their own memories in the home of your dreams.
Schedule a tour this weekend by calling 800.325.3030.