Every year we post a summary of activity pre-spring for your consideration. This year in Wheeler, real estate nearly came to a stand still in Single Family Homes. There were only two homes and the Wheeler Motel that came to market. And as much as we would like to elaborate, we’ll do what we can! We will provide the results graphed for clarity, but there are no homes on the MLS to create data for. For our report purposes, the real estate data for Wheeler as in our other reports is as follows.
Last Year : 2/27/19 - 2/27/20
This Year : 2/27/20 - 2/27/21
Here are the high points.
The of Active Listings in Wheeler last year were two homes and the Wheeler Motel.
In terms of Numbers Sold, both homes were sold and the Wheeler Motel is pending.
The Absorption Rate in Wheeler which is the how long the current inventory will last at the current rate of sales is down -100% to 0 months with no houses on the market for months. Buyers are on the search.
Prices have increased with the Average Sales Price up from 307K to 399K. An increase of 30%. However, that’s only two homes…
The Average Days on the Market were 121 but there is no MLS data from last year. We would estimate however that it is dropping significantly year over year as buyers are eager for any coastal home that comes to market in our area.
Unfortunately for buyers, the number of Active Homes on the Market year over year has also been squeezed down -100% from this time last year.
It’s a Sellers Market and looks to continue that way for the spring listing season in 2021.
If you are looking for a home in Wheeler, you need quality representation and immediate real time notification of any property that comes to market, which we can provide as an instant alert. Call us and let us assist you. We’re here to make your Home by the Sea a reality.
Ready to list and take advantage of this unprecedented sellers market? Call us. We’re the top North Coast team. Even though it’s a sellers market, we provide full service interior, exterior and aerial video and photography as well as top online placement and distribution to market your home. We’re here to help you realize your maximum financial potential. We’re the Home + Sea Team at Cascade Sotheby’s International Realty.
