Market Update – Birchwood Farms Golf & Country Club

October 31, 2018
Birchwood Farms Golf & Country Club market update 10.31.18

Birchwood Farms Golf & Country Club has had 27 homes and condos sell as of 10/31/2018 this year; a 13% increase over this time last year. Interestingly, properties took longer to sell yet the gap tightened between listing prices and selling prices.

 

This is promising news for the Birchwood micro-market; a market that has struggled to recover from the last recession. Trouble may be on the horizon, however, as nationwide sales are at a 3-year low. Low inventory, increasing housing costs, and increasing interest rates have all been cited as reasons for the market slow down. In Birchwood, however, values are still very reasonable which may help sales continue at a steady pace. Buyers and sellers can expect, however, that market forces will eventually catch up to the micro-market.