I was recently running the stats for the fourth quarter sales in Solterra for 2018 and while the fourth quarter is typically a slow
season, I was surprised to find that this last quarter was slower than previous years, with only 11 sales in the neighborhood and
as of the end of December there are only 10 homes listed and none under contract. I predict that for 2019, the Solterra neighborhood will have a very similar amount of sales throughout the year as we did in 2018 the pricing has gotten pretty expensive in the neighborhood and my gut feeling is our appreciation will slow down to less than 5% for 2019. Of course this all depends on many factors including rising mortgage interest rates , buyer demand for the area and of course the wildcard will be how much supply available, more homes on the market means more pressure on pricing. If you’re thinking about making a move in 2019, now
would be the time to make your move. The inventory is low and as the year goes on, it will become more expensive to borrow
money due to increased interest rates. It’ll be interesting to see how 2019 plays out . Feel free to reach out to me if you would
like to discuss in more detail.
