What should have been a very busy real estate market in 360 was just about anything but, with some homes that would have sold quickly months earlier sitting for long periods of time. Although there has been no clear cut reason, much of it certainly has to do with the higher inventory. This higher inventory seemed to be coupled with an apparent lower motivation by buyers. What’s interesting in a market like 360 is that it’s somewhat easy to guage the state of things when the same floorplans that have been sitting sold quickly just months earlier. It seems that this might be changing with a few recent sales of homes that had been on the market for a while, but the high inventory has definitely made buyers take a wait and see approach which was drastically different from the mentality just months earlier when things all seemed to sell in the first week.
One of the reasons that prices have continued to go up in 360 is that the demand for homes in the gated community never seemed to slow. While demand is still strong there’s no doubt we’re in a bit of a slowdown in the 360 real estate market. One thing that may finally settle the incredible “sellers” market down a bit is an increase in available homes. That seems to be changing and as of 3/15/19 there are 7 homes for sale in 360. That’s far more than we’ve seen in the past few years and we’re aware of at least two other upcoming listings.
Buyers Being Able To Negotiate?
One of the challenges for buyers in the past years is that with the demand and number of other buyers, there has been very little ability to negotiate. In a normal “balanced” market things are on a relatively even terms. Homes sit on the market for a while, and buyers have the ability to try and negotiate good terms, whether that’s a good price or whether thats other items like repairs, timeframes, etc.
With the increased home inventory it may be possible to purchase a home below the value of the last few sales. As every home is different and every seller is different, there’s no guarantee of a good negotiation, but the market environment certainly makes that more likely. If you are looking to buy a home in 360 we would love to help. Contact us to tell us about your home search, or sign up for our FREE listing alerts and never miss a new 360 listing again.
Current homes for sale in Three Sixty at South Bay
**The listings below may be represented by other realtors. We are providing this information as a service to our clients.
Click any MLS number above for details and photos of the home.
**The listings above may be represented by other realtors. We are providing this information as a service to our clients.