As we predicted at the end of 2013, the I’On real estate market did not see significant changes in 2014. The market appears to have leveled out and growth has become more steady. Below is a snapshot of 2014 sales activity for the community. To put the year in perspective, we have included the percentage growth in these numbers as compared to 2013.
I’On homes sold – 70 ~ up 3%
Average Selling Price/Square foot – $298 ~ up 6%
Average Selling Price – $957,690 ~ up 10%
Average Days on Market – 85 ~ down 26%
(Note: Click here to view details on all I’On homes sold in 2014)
The average sales price is inching closer to one million dollars, which is great news for home owners. And the time it takes to sell a home in I’On has decreased by around 30 days. This is all good news for home sellers, it simply isn’t the significant changes we saw in 2013.
2015 So Far…
The cold February weather didn’t keep buyers away from I’On! Since January 1st, 8 homes have sold in I’On, with prices ranging from $635,000 to $1,742,500. The average sales price was $1,103,428 and the average selling price per square foot was $287. If you would like to see details on each of these I’On home sales, just click here.
In addition, there are 8 I’On homes ‘under contract’. These homes have an average list price of $884,000 and price per square foot of $279. Check back soon to see what the sales price is on these homes!
I’On Homes for Sale at 10 Year Low…
Currently, there are only 23 I’On homes for sale. This continues to be the lowest levels of available inventory that we have seen in I’On over the last decade. Based on the last 12 months of sales activity, the current number of I’On homes for sale represents only 4.6 months of available inventory in the neighborhood. By any real estate standard, this represents a “seller’s market”. A seller’s market is typically defined by less than 6 months of available inventory.
Thinking of Selling, or Just Have Questions? Call Us…
Now is a great time to put your I’On home on the market! If you are thinking of selling, please contact The Avera Group to learn more about our marketing program for your home. We have sold dozens of homes in I’On over the years and have an intimate knowledge of this community, what buyers are looking for, and how to get your home sold. Have a great week and we hope that you continue to take advantage of all the special activities and events that I’On has to offer!!