Spring Has Sprung….
The chart is always the quickest snap shot of what is going on in Washington Park. There was very low inventory in 2018 and again in 2020. However, in January of 2021 and for every month since, the active listing and sold numbers have been drastically upside down resulting in an unprecedented Seller’s Market.
Furthermore, the average sales price for March in Wash Park was $1.42m. That is amazing. Many are asking if we have an affordability problem that will cause a bubble. Since January of 2022, approximately 50% of the transactions in Wash Park have been cash so all I can say is, not yet. If we can help you navigate this crazy market and help you get the most amount of money in the least amount of time with the fewest hassles, please reach out. We also have the experience and Realtor relationships to get our offers accepted for our buyers. Let us know how we can help.