Tam O’ Shanter Real Estate Report

If you are listing or purchasing homes for sale in Tam O’ Shanter, you have come to the right spot.  Making sure you have up to date market information is one of the best ways to have a successful experience as both a buyer & a seller. The most accurate source of this info is a Tam O’ Shanter realtor. As a local Tam O’ Shanter realtor, and resident of 33 years, I take great pride in helping my buyers get into the Tam O’ Shanter real estate they want to buy while I help my seller’s achieve reduced market times and competitive offers. These monthly updates include details like the median and average sold prices for homes for sale in Tam O’ Shanter, how many days homes for sale in Tam O’ Shanter are sitting on the market, the current price per square foot and so much more. As a buyer, when you use this information, you can feel confident that you made a competitive offer as well as have a good idea of what you could spend on homes for sale in Tam O’ Shanter. In a market that has low inventory like my neighborhood, the more you know, the better chance you have at not only finding that dream property, but also having your offer accepted. As a seller, you can use this information to gauge how long on average your real estate in Tam O’ Shanter could sit on the market, what a good list price is based on comparable solds as well as the current price per square foot. So how are things doing in my neighborhood? Let’s take a look!

The good news for sellers is that the average sold price is up 12.1% at $911,736. This is up from last month as well as this time last year. The median is up 23.2% at $849,900. The price per square foot is up 20.5% at $435, also up from last month and this time last year. If you want to figure out your negotiation power when it comes to offer prices on Tam O’ Shanter homes for sale, take a look at the percentage of list price. Currently, it is at 104.8% which means real estate in Tam O’ Shanter is getting over ask in most scenarios.

We do have some good news for buyers this month as well. New real estate in Tam O’ Shanter is up 8.9% while Tam O’ Shanter homes for sale are up 16.7%. Pending sales are up 9.8% while closed sales are up 17.4%. The average days on the Tam O’ Shanter real estate market are 19 while the median is 7. The month supply for this neighborhood is incredibly low at 1.1, but this is unchanged from the last couple months as well as this time last year.

As a seller, you can use this to understand that Tam O’ Shanter homes for sale are moving at an incredibly quick rate and that it has high demand with very low inventory, making it an ideal time to sell. You still want to make sure your property is represented and shows well, so choosing a qualified Tam O’ Shanter realtor who is familiar with this market is necessary. If you are a buyer, it is important to know that time is of the essence. Get pre-approved and work with an area expert who can get you in the door fast. Also be prepared to make competitive offers if you are serious about purchasing. You also should understand that what is happening in this neighborhood is slightly different than other local areas. Every neighborhood and city has their own set of stats. If you are interested in another nearby neighborhood or Bellevue real estate in general, feel free to give me a call!