Southern Highlands Market Update

*Updated April 4th 2024*

Market Snapshot

At present, Southern Highlands has 82 active homes for sale, catering to a wide spectrum of budgets ranging from $435,000 to an extravagant $25 million in the Estates. Whether you're a first-time homebuyer or searching for a luxury estate, there's something for everyone.

Buyer Diversity:

The market dynamics reveal an interesting trend – 19 homes are currently under contract, demonstrating a diverse range of buyers. From those eyeing homes at $400,000 to those ready to invest in properties priced at $8,750,000, it's evident that Southern Highlands is attracting buyers across various price brackets.

Recent Sales and Seller Success:

Over the last 90 days, 100 homes found new owners, spanning a price range from $376,000 to $7,300,000. What's noteworthy for sellers is the impressive 98.3% median list price to sales price ratio, showcasing that sellers are nearly hitting that 99% mark of their asking price.

Comparing the current statistics with the previous three months, Southern Highlands' real estate values remain robust. The average days on market have decreased in March and the overall stability of the market is evident, even after the slow start to the year.

What's Next:

Looking forward, the data suggests an increase in new listings and possible standing inventory of available homes in the next month as an average of 16 homes a week were listed over the last 3 weeks. For sellers, this could mean a little more competition but you can still expect to get close to the list price within a few weeks if listed properly.

Southern Highlands continues to be a hotspot for homebuyers. Whether you're considering buying or selling, the market trends indicate opportunities and stability in our charming community. For more detailed insights or to explore current listings, feel free to check out the listings below or give me a call today!

Stay tuned for more updates on Southern Highlands real estate trends in 2024!



Southern Highlands Homes for Sale April 19, 2024
75
Listed
50
Avg. DOM
$411.48
Avg. $ / Sq.Ft.
$1,150,000
Med. List Price
75 Properties
Page 1 of 3