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September Arden Park Market Report: A Balanced Shift in the Housing Market

As we transition into the colorful autumn season, it's time to take a closer look at the September Arden Park market report. In this month's report, we have observed some notable changes in the real estate landscape. Let's dive into the key highlights:

1. A 2% Decrease in Median Home Values: While Arden Park has long been a sought-after community for homebuyers, September saw a slight dip in median home values. The median home value decreased by 2% year over year, signaling a potential shift in the market dynamics. However, it's essential to note that Arden Park remains an attractive place to call home, and this change may provide new opportunities for prospective buyers.

2. A 22% Increase in Supply: One of the most significant changes in the Arden Park housing market is the remarkable 22% increase in supply. More homes are becoming available, offering buyers a more extensive selection of properties to choose from. This uptick in supply can lead to a more competitive market, potentially giving buyers more negotiating power.

3. Price Per Square Foot Decreased: In September, the price per square foot dropped from $464/sqft to $424/sqft. This decrease may be seen as a welcomed adjustment for buyers who have been facing rising home prices in recent years. A lower price per square foot can make homeownership more accessible to a broader range of buyers.

4. Days on Market (DOM) Remained Steady: Despite the changes in median home values and price per square foot, the Days on Market (DOM) remained consistent at 33 days. This suggests that homes in Arden Park continue to sell relatively quickly, maintaining the area's appeal for sellers.

What Does This Mean for You? Whether you're a buyer or a seller, it's essential to understand how these market trends may impact your real estate goals. Buyers may find more options and potentially better affordability, while sellers may need to be mindful of pricing their homes competitively to attract buyers in a slightly more balanced market.

It's crucial to remember that the real estate market can fluctuate, and these trends represent a snapshot in time. Consulting with a local real estate expert can provide you with personalized insights and strategies to navigate the market effectively.

In conclusion, the September Arden Park market report shows a subtle shift in the real estate landscape. While median home values have decreased slightly, an increase in supply and a lower price per square foot can create opportunities for buyers. As always, staying informed and working with a knowledgeable real estate professional will be your best allies in achieving your housing goals in Arden Park.

Heather Khan

Experienced Appraiser & Dedicated Broker