As we say goodbye to 2021 and welcome in a new year, I hope this post finds you and your family enjoying your holidays and planning great new things for 2022! My January newsletter will be filled with thoughts about buy, sell, and hold. If you’re not a subscriber, be sure and email me to get your name on the list! Since the 2021 Los Alamos County Real Estate report came out this past November, I thought I might share with you some interesting facts.

How Many Homes Sell Each Month?

This is an interesting statistic, especially here in Los Alamos County. In fact, it’s a bit like a chicken and the egg question. Look at the graphic below and see what it can tell you about about how many homes sell each month in Los Alamos.

The first thing you’ll notice is that the peak month for home sales is in August. Not a surprise really. Seasonal fluctuations are highly common in real estate markets. But don’t you find it interesting that for the last three years the highest number of homes sold has been the same? November is always shown in red because that’s when the cycle begins again, but realistically, the trends are very similar each year.

How Many Days Does it Take to Sell a Home?

This is a question that has a lot of different parts. After all, the offer is only a tiny piece of the sale puzzle. When we say that we’re experiencing a seller’s market, it certainly means what you think it does. But it also means that seller’s can spend a little time choosing just the right offer. That can affect the number of days a home spends on the MLS.

How Much Are Homes Selling For These Days Anyway?

The answer to this question probably isn’t what you think. Truthfully, average home prices have been consistently rising right along with inflation. We’re certainly seeing homes that wouldn’t have been nearly as popular several years ago become more so, but this is happening all over the US right now.

What has happened is that the number we used to consider really high ~ $500K ~ is no longer as high as it once was. So when we look at this ~

We aren’t nearly as shocked to see that in 2021, 118 homes sold for over $500K. After all, inflation paired with demand is a recipe for this sort of increase. Perhaps the year that should be considered an outlier based on this information is 2006. Of course, without the numbers for a handful of years prior to 2006 there’s not a way to see what the trend really was at that time. But it is sufficient information for us to infer that these fluctuations are not all that unusual. Perhaps what gets us is the idea of such a large sum of money. After all, if someone tells you that they remember paying under a dollar for gasoline, you feel wishful for those days of cheaper gas prices. However, you’re not likely to believe someone is telling you a whopper if they say they paid more than $7.00 a gallon for gas in California.

As I mentioned in my last post, perception is everything when it comes to looking at the real estate market. I hope you’ll look at the information I’ve given you and feel encouraged. Of course, it’s never wonderful to feel as though things are getting more expensive. However, when it comes to homes, continuing low interest rates are a huge part of what makes people able to pay a little more for what they want. And when YOU want to talk real estate, give me a call! I’m your local real estate expert!