Spring is here! Have you started your seedlings yet? I sure did! And it’s like magic to me when a little seed becomes a plant; it just doesn’t get old… amazing! I am seeing a fair bit more inquiries on our listings, and buyers are starting to come out of their winter hibernation to look at homes. I do feel it will be a great Real Estate Market this year for both sellers and buyers! Currently, mortgage rates are holding steady, and we are expecting them to come down—fingers crossed.
Here’s a quick glance at the recent market trends for Creston and Creston Rural:
The total housing inventory at the end of February 2024 rose by 23.01% to 139 existing homes available for sale. Over the last 12 months, this area has had an average of 16 closed sales per month, representing an unsold inventory index of 8.92 MSI for this period.
The average number of days that homes spent on the market before selling increased by 40.59 days or 45.21% in February 2024 compared to last year’s same month at 89.78 DOM. Overall, with average prices going up and days on market increasing, the Listed versus Closed Ratio finished weak this month. There were 24 New Listings in February 2024, up 50.00% from last year at 16. Furthermore, there were 11 Sold Listings this month versus last year at 9, a 22.22% increase. Closed versus Listed trends yielded a 45.8% ratio, down from the previous year’s February 2023, at 56.3%, a 18.52% downswing. This will certainly create pressure on an increasing Month’s Supply of Inventory (MSI) in the months to come.
Quick Glance at the Featured Listings:
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4641 Samuelson Road, Canyon – Incredible 1.6-acre property with a 3-bedroom house, large 3-bay workshop, a cabin, and garage, fenced garden, and chicken coop. Oh, and it has a creek and pond! Listed at $665,000.
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5030 Canyon Lister Road, Canyon – This property has so much to offer, with tons of potential. The 4-bedroom house is spacious and functional, situated on a very usable 3 acres with fruit trees, 100 cherry trees, workshops and outbuildings, a fenced field, and more. Listed at $719,950.
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649 Wellspring Road, Lister – Magazine-worthy 3 bedroom/2 bathroom home, on 10 acres surrounded by mountains! Large Barn with 3 paddocks, workshop, tool shed, firewood storage, and a fantastic fenced garden with raised beds, irrigation, and perennials. Listed at $999,000.
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1397 Lakeview Arrowcreek Road, Arrow Creek – Privacy, nature, and luxury at its best! This bright 3-bedroom 10-year-old custom-built home is ready to move into! 10 gorgeous acres, artesian water, grid-tied solar energy, in-floor heating, and mountain views off your wrap-around deck are just a few highlights. Listed at $715,000.
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140 Laguna Cr. Twin Bays – Live and vacation at the lake! Beautiful 2016 built home, steps from the beach! The water and mountain views off your covered deck are breathtaking! Listed at $525,000.
Also, we recently sold 21-310 6th Ave S, Creston Town – a 2-bedroom/2-bathroom townhouse in a 55+ complex with a 2-car garage and basement! Our seller is very happy for its new wonderful buyers, who will be a wonderful addition to the Creston community. Link
I can’t thank you all enough for your support and referrals! To put your trust in me and introduce me to your friends and family means so much to me! Thank you!!
For more information on selling and buying, I am always happy to help!
Contact Diana to schedule your free Market Evaluation: 604-789-8202 Email: [email protected]
