Exeter Market Update June 2019

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Exeter Market Update June 2019

The residential market in Exeter has continued to be hot over the last 72 days as we have seen 8 firm sales and two that are currently conditionally sold. The properties have sold in a range from $75,000 for a mobile trailer on leased land to $405,000 for a 3 bed, 2 bath brick 2.5 storey home.

With three of these eight sales sold over asking price, it shows a well priced home (with an accurate market valuation) can attract multiple potential buyers and get you top dollar for your home.

A market valuation will help determine a fair price point for your home.

Active Listings & Price Reductions

There are currently 11 active listings in Exeter ranging from $154,900 to $674,900—giving variety for potential buyers with different budgets. However, the majority of these have been on the market for a while, with several already seeing price reductions. This shows the importance of pricing—these houses have lost momentum from being overpriced.

What’s To Come

With several properties sitting, potential buyers seem to be waiting on new listings to pop up. With two new subdivisions in Exeter expected to break ground later this year, it is a good idea to sell now before the market becomes saturated with new builds. Feel free to reach out to me to see how I can help you sell your property in a timely matter for a great price!