At least 84 Bent Tree home sales have hit the books so far in 2021, with total sales of over $28.6 million.
As of Friday (June 11), at least 56 Bent Tree homes have sold so far in 2021.
At least 17 homes in Bent Tree have closed so far this year. At least 21 additional home sales were pending (as of yesterday).
As of yesterday afternoon, there were only three Bent Tree homes listed for sale that weren’t “under contract” or “pending”.
Here’s the explanation of a seller’s market from the Rocket Mortgage website:
What Is A Seller’s Market?
A seller’s market arises when demand exceeds supply. In other words, there are many interested buyers, but the real estate inventory is low. Since there are fewer homes available, sellers are at an advantage.
In a seller’s market, homes sell faster, and buyers must compete with each other in order to score a property. These market conditions often make buyers willing to spend more on a home than they would otherwise. Therefore, sellers can raise their asking prices. Furthermore, the increased interest means that buyers rarely have the power to negotiate and are more willing to accept properties as-is.
Due to the shortage of housing, these conditions often lead to bidding wars. During bidding wars, buyers will make competing offers and drive up the price, typically above what the seller initially asked for.
This Bent Tree fact sheet is from 2011. Other than a few slight changes (i.e. restaurant name change, different email bulletins, additions of bocce and pickleball, transponders instead of barcodes), it is still accurate and is a handy reference.
I was walking one day last week when some horse riders passed by. After my walk, when I was driving away, I passed them on the dam. It looked like they were having a good time.