Bolivar Peninsula Market Update

The Bolivar Peninsula

Market Update for the past 7 days

This week has been a busy week along the Bolivar Peninsula.

Comparing to last week:

The new properties on the market has more than doubled, the number of properties that have reduced their price has stayed about the same about 15-20 on average each week. We had quite an increase of properties that went under contract from 2 last week to 8 this week. The amount of properties that actually made it across the finish line has increased by one over last week.

The second slide focuses only on single family residences:

The number of homes that are currently active is about the same as last week 178. The average price per foot on the market is $412 which is a up from last week. Good news for sellers the average price per foot for solds from last week has increased from $386 to $401. And the average number of days homes are staying on the market before going under contract has decreased from 53 last week to 43 this week.

Considering buying a home in Crystal Beach, Caplen, Gilchrist or Port Bolivar?

Buyers have a lot more inventory of homes available. Which means a great opportunity to negotiate on your terms, “RELAX”. These are the things you have been missing out on over the past couple of years.

Things like:

Contingent on the sale of other property
Inspection period
Financing
Less down
Repairs
Sales price
Timing, you don’t feel rushed

Some of these terms may seem foreign to some buyers. We have been selling Real Estate in Bolivar Peninsula and Ellis County for over 22 years and have seen different markets. Let us know how we can help!

Are you Ready to Sell your home in Bolivar Peninsula?

Our team is focused on watching the market and delivering top dollar for our clients. We feature our listings weekly on Real Estate Talk on Bolivar Live, found on all platforms of social media, Roku TV and Fire TV.

We have a proven strategy to achieve the best results for our clients and we have gathered a team of professionals to get the job done.

They include:

Photographers
Aerial Drone photographer
Content writers
listing transaction coordinators

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