April 2014 Arrowood Real Estate Market Update

Arrowood Real Estate Market Update

For April 2014

Michael Gaddis J.D. Realty Group’s Broker Michael Gaddis details the recent real estate market activity for the Oceanside neighborhood of Arrowood. If you are considering buying or selling a home in Arrowood, this information will help you to make smart decisions throughout your real estate transaction. For professional boutique assistance from a real estate agent who is also an Attorney at no additional charge, call 760.487.8266 or email contact@michaelgaddis.com today.

ARROWOOD REAL ESTATE MARKET UPDATE VIDEO TRANSCRIPT

**Video auto-transcribed by YouTube, please excuse any inconsistencies.

Hi I’m Michael Gaddis, your Arrowood real estate expert. Today I’d like to talk a little bit about the state of the real estate market in Arrowood this is your April 2014 Arrowood real estate market update. Currently in Arrowood where there are 19active listings everyone seems to have a lot of activity in a comparison to the other communities you as you’ll see there are currently 19 active listings on the average listing in Arrowood. The average active listing in Arrowood it has 4 bedrooms for bass 3400 11 square feet has an average list price of seven hundred twenty nine thousand four hundred thirty-seven an average list price per square foot 211 dollars per square for an average days on market: 43 days. There are currently two contingent listings in barely now contingent listings typically refer to short sales and the fact that they’re only can start to contingent listings is actually amazing. There is definitely a decrease in the amount for distressed sales going on in an area that were used to be filled with distressed sales so that’s a good sign for the area what real estate market. The average up bedrooms and ask for these two contingent listings issues its four bedrooms and five bass they are square footages 3,045 square feet the average list price for these homes is 525 to a thousand and the average list price per square foot as a hundred and seventy two dollars per square foot. Now at you’ll notice that the average a list price per square foot to the continued listing is significantly lower than the average price of the active listing the active listing and price per square foot is 211versus the two 172 the contingent listings. That’s not unusual and there’s a myriad of reasons about why on contingent listings are price a little bit lower than market but that doesn’t necessarily mean that that’s what’s going to sell for it just means that that’s what it was marketed at banks counter and you know close to market value so that don’t be alarmed by that the real indication is going to be what the sold listing show. Currently there are 13 pending listings in Arrowood it on the average pending listing has 4 bedrooms4 baths 3,450 three square feet evers has an average list price of seven hundred and five thousand six hundred and thirty. An average list price per square foot 205 dollars per square foot. So again that number is significantly higher as you might have noticed than e2 contingent listings so the 13 pending listings are definitely moving closer to what the average a listings are and the average %uhdays on market: if you’re curious about pending listings was forty eight days on market as the average. So there have been seven sold listings in Arrowood since March first 2014. I pulled this data for Santa core the multiple listing service for San Diego County and I wanted County give an idea of where about how many homes have sold since March for so there have been seven homes sold. According to SANDICOR, Arrowood since March 1stthe average the average for these homes is four bedrooms three baths 3,097 square feet as an average list price of $599 thousand seventy seven dollars an average list price per square foot 194 dollars and never sold price:590 2,577so the average sold price per square foot which is where we put the drum roll and because that is this is the most important piece of data is a hundred and ninety one dollars a square for and is a hundred ninety one dollar square foot is basically what the average home is worth at her the soldiers. Now you can see that is trending upward a little bit because the act contending numbers are above 200 so that’s a definite a good indication for homeowners in Arrowood. So if you live in an era when you have any questions or comments server1any type of data whatsoever regarding the value of your house, please feel free to give me a call and you can reach me at area code 760-692-5950, 760-692-5950 and visit my website at WWW.MichaelGaddis.com or if you live in the area you can stop by. My office my office in Carlsbad located 6104 innovation way Carlsbad California 92009. Again I look forward to speaking to you and remember I give you more but it doesn’t cost you more.

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