Welcome! This market update for the 1st quarter 2014 has been prepared for our clients and friends in the English Hill Area.
This update includes the following neighborhoods: Amberley, Bristol View, Coventry, Crown Heights, Glenterra, Grousemont Estates, Hollymere, Hollymor 2, Langtree Estates, Mount Clare Estates, Mount Clare Woods, Old Morrison Place, Park Avenue, Rosewood and Wyndham Knoll
1st Quarter 2014
We have started the year off very strong, with low inventory and brisk sales across all price ranges!
Closed Sales Below 700k: This segment of our market has been unusually low on inventory, compared to demand. What few homes that have come to market, have been snatched up quickly by a long list of waiting buyers.
Closed Sales Above 700k: This section has seen more inventory in the first quarter comparatively, but is also showing brisk sales. Several homes that were on the market last year and did not sell, have come back in the new year and quickly secured buyers. This is a strong indicator that buyer demand is greater in this segment of the market then it was just a few months ago.
Comparison of Closed Sales – Average Price Per Square Foot
| Price Range | 2013 | 2014 |
| Below 700k | 206.73 | 263.87 |
| Above 700k | 220.80 | 221.88 |
For a detailed report on all the current and pending listings along with closed sales for the quarter, click on the photo below.
If we can help you or someone you care about with a real estate move on English Hill or throughout the Greater Eastside, please contact us at 425-466-1000 or fill out the form below.
Best Regards,
Tony & Wendi Meier
Windermere/NE
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