Cookeville Home Sales Get Some February Love
You can’t keep the home buyers down for long! After a dismal start for Cookeville home sales in January because of the unusually cold weather, buyers have started to venture out. Even though it was still fairly cold in February, home sales across the Upper Cumberland Region were up about 8.5% compared to the same time last year. Considering January sales were down 11.18% from the same time last year, this is a definite improvement.
Of course, if you have your home for sale in Cookeville then what you really want to hear about are what price ranges are selling the best. If you are looking to buy a home in Cookeville, those numbers are important also because it lets you know how much competition you will likely face while searching for your dream home. So, let’s take a closer look at the activity in each price range for February.
Cookeville Home Sales by Price Range, February 2014:
Less than $100k: 18 homes sold, and there are currently 75 available for sale.
$100,001 – $200k: 15 homes sold, and there are currently 172 available for sale.
$200,001 – $300k: 9 homes sold, and there are currently 98 available for sale.
$300,001 – $400k: 4 homes sold, and there are currently 30 available for sale.
$400,001 – $500k: 0 homes sold, and there are currently 9 available for sale.
$500k or higher: 1 home sold, and there are currently 19 available for sale.
As you can see from these numbers, Cookeville home sales were the hottest in the $100k or less price range, followed by the homes less than $200k. These are the two categories that are most popular with first time home buyers, and the first time buyers played a big role in February home sales in the Cookeville area. The primary buyers for the homes $200k or more are move-up buyers, and we should see a stronger number from them later in the year once schools let out for summer.
Ready to sell your home in Cookeville or the surrounding area? Please call me, Virginia Kail at 931-260-4729. It would be my pleasure and honor to help you sell your property.