Tam O’ Shanter Real Estate: Monthly Market Update

When it comes to listing or purchasing homes for sale in Tam O’ Shanter, making sure you have up to date market information is the best way to have a successful experience, regardless of whether you are a buyer or a seller. As a local Tam O’ Shanter realtor, I take great pride in helping my buyers get into the Tam O’ Shanter real estate they want to buy while I help my seller’s achieve reduced market times and competitive offers. I educate both parties using a blend of actual experience in this market as well as the market stats. These monthly updates include the median and average sold prices for homes for sale in Tam O’ Shanter, how many days homes for sale in Tam O’ Shanter are sitting on the market, the current price per square foot and so much more. As a seller, you can use these numbers to get an idea of how long, on average, your real estate in Tam O’ Shanter could sit on the market, what a good list price is as well as the current price per square foot. As a buyer, when you use this information, you can feel confident that you made a competitive offer as well as have a good idea of what you could spend on homes for sale in Tam O’ Shanter. In a market that has low inventory like my neighborhood, the more you know, the better chance you have at not only finding that dream property, but also having your offer accepted. So how are we doing in the neighborhood? Let’s take a look!

The good news for sellers is that the average sold price is up 11% at $896,369. This is up from last month as well as this time last year. The median is up 22.6% at $840,000 from last year, although this is unchanged from last month. The price per square foot is up 19.8% at $429, also up from last month and this time last year. If you want to figure out your negotiation power when it comes to offer prices on Tam O’ Shanter homes for sale, take a look at the percentage of list price. Currently, it is up 105% from last year but is the same as last month.

We do have some good news for buyers this month as well. Real estate in Tam O’ Shanter is up 6.5% while Tam O’ Shanter homes for sale are up 17.1%. Pending sales are up 13.2% while closed sales are up 8.8%. The average days on the Tam O’ Shanter real estate market are 19 while the median is 7. The month supply for this neighborhood is incredibly low at 1.1, but this is unchanged from last month as well as this time last year.

As a seller, you can use this to understand that Tam O’ Shanter homes for sale are moving at an incredibly quick rate and that it has high demand with very low inventory, making it an ideal time to sell. You still want to make sure your property is represented and shows well, so choosing a qualified Tam O’ Shanter realtor who is familiar with this market is necessary. If you are a buyer, it is important to know that time is of the essence. Get pre-approved and work with an area expert who can get you in the door fast. Also be prepared to make competitive offers if you are serious about purchasing. For more information, give me a call!