We have seen several straight months of sold price increases on home prices in Riverview Fl and don’t expect things to slow down anytime soon. If you are considering buying a home you can still find deals on a house in Riverview but having a good real estate agent who understands the market is a must. Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market. As you can see from the graph below, listings are not selling exactly for asking price. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Riverview home on which you are making an offer.
If you are interested in how much current inventory is on the market in Riverview Fl you can find that information by clicking on the link. High inventory will suggest that homes are sitting on the market for longer. Currently in this area of Riverview, homes have a median time of 54 days on the market before they sell. This would suggest that buyers are in a great position to make an aggresive offer on a home. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. Low inventory in Riverview has multiple offers coming in on homes similar to what we saw back in 2007. I wouldn't expect home prices to run up quite as fast as they did back then as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. But low inventory is one indicator that prices should continue to rise.
Riverview Real Estate Report Summary
The median list price in August for single family homes in Riverview Fl is $199,350.
The percent of rental properties in Riverview (33578) is 33.02% above the national average which is typical for urban areas.
The median number of days active properties have been listed is 54. This is significantly shorter than the national average.
DREAMING OF BUYING A HOME? WHAT YOU NEED TO KNOW BEFORE YOU
"Michael is, by far, the best realtor I have worked with. He is extremely proactive in taking steps to both find you the right home, but more importantly help you get it. Living remotely, Michael managed all the "leg work" required around inspections, obtaining elevation certificates, and obtaining general information needed to close. Michael was always readily available and provides very quick answers to questions. He stayed on top of the closing process and ensured I knew what to do and by when. This was very helpful never having purchased a home in Florida. Additionally, Michael took the time to show me the local area and key points of interest. I highly recommend using Michael as your realtor!"