Average Home Price of All Homes in Briar Chapel - 2014/5 and 2015/6.
Average New Home Price in Briar Chapel - 2014/5 and 2015/6.
Average Resale Price in Briar Chapel - 2014/5 and 2015/6
Another busy home-buyer season has drawn to a close so now is a good time to take a look back and reflect just how good the Briar Chapel housing market is.
From September 1, 2015 through August 31, 2016, there were a total of 250 closings in Briar Chapel. That's up 24.8% from the previous year! New home sales rose a whopping 36.3% to 210 sales, and the number of resales rose from 34 to 40 total, or an increase of 17.6%.
In other words, resale supply in Briar Chapel isn't keeping up with resale demand. Plenty of people want to move in to the neighborhood but not enough want to move out.
If you've been thinking of making a move, all the signs point to it being a good time. The average price for a resale home in Briar Chapel is up a whopping 9.6%. Average sales price per square foot also rose in the same period from $140.66 to $144.09.
At just 2.9 months of inventory for resales in Briar Chapel, I don't think you need to wait until Spring if you've been considering a move. It's a seller's market! Give me a call, text, or email and we can discuss your options.