So what does this all mean? Well, the new construction market in Vienna Woods is unusually strong. Homes in the lower end of the price range will sell very quickly, most likely to a cash buyer looking to redevelop the land. Homes on the high end of the market are also selling very well. It’s an all around great seller’s market.
If you have a home that falls somewhere in the middle of home values ($850,000-$1,100,000), now would be the perfect time to sell. There is literally nothing on the market from $650,000-$1,250,000 right now.
If you’re looking to buy a new home in Vienna Woods, you’re also in a good position. There are a bunch of new homes on the market to choose from, and judging by the Spring 2017 market, there will be a bunch more coming on the market in the next 6 months.
If you’re looking to buy something on the lower end of the market in Vienna Woods, you’re likely competing with cash buyers, so be ready with cash or a pre-approval letter, and be prepared to pay a little more than you’d probably like to win a bidding war.
This is an exciting market!
Want to know more about the current market? Feel free to get in touch with me anytime.
Lou Sagatov, Realtor®
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