Submitted by Susanna Hollingsworth:
Fulton Heights current market as of Friday March 19!*
Active listings: O (But one is coming very soon!) 5 CURRENTLY UNDER CONTRACT INCLUDING ONE ON RIDGE AVENUE (SORT OF AN OUTLIER). 7 SOLD PROPERITES IN THE LAST 180 DAYS & 14 SOLD IN THE LAST 270 DAYS. AVERAGE PPSF=$95.51 WHICH HOLDS TRUE EVEN IF YOU TAKE OUT PINEHURST, FOURTH ST AND 2 ADDITIONAL PRICE OUTLIERS.
THE AVERAGE LISTED PRICE PER SQUARE FOOT IS $98 -BUT WE ARE WAITING TO SEE THE ACTUAL CLOSED SALE PRICES.
Average list price=$178,115
Sold listings in the last 270 days: 13 total-Not counting Pinehurst or Fourth Street recent sales-although they were listed as FH neighborhood.
Average Days on Market: 13- but the median number was 5 days!
Average HLA (Heated Living Area) was 1816sf and the median HLA was about 1611 sf.
Average Sale Price/List price ratio was about 98-99% (normal in this market when the house is priced right!) But this stat will be updated soon due to all the upcoming closings.
We have about 475 houses in central Fulton Heights from Elm Street to Heilig Avenue so our turnover rate is less than 4%. People like to stay here!
As of today the average interest rate on a 30 year fixed-rate mortgage is 2.9% and 2.3% on a FRM 15 year loan. Interest rates are slightly on the rise.
Please call me if you would like to get an accurate CMA (comparative market analysis) on your home and I can give you an expert broker opinion on value. I work hard for all my buyers and sellers to get the best deal, limit your liability, help you work with financially qualified buyers, keep you safe and spare you the hassle of deals gone bad! Plus, I love my neighborhood and live at 219 Mitchell! I am invested in getting great qualified buyers in here and getting property values to remain stable while we work together to keep this historic neighborhood diversified, equitable and inclusive!