HERE'S YOUR WEEKLY LISTING REVIEW FOR

2107 N Houk Rd Apt 1

Hi Cody,

We had no showings last week, and we do not currently have any upcoming showings scheduled. On the market side, activity among comparable condos and townhomes remains very limited. There are currently no comparable properties pending. The most recent comparable sale was more than 6 weeks ago, further reflecting the slower pace of activity in this segment. My feeling is that his one will sit for a bit at this price but happy to hold here if that’s what makes sense to you.

This week, the biggest factor we’re watching locally is the impact of the recent fires and how they may influence the real estate market in the coming weeks and months. It’s still too early to know exactly how this will affect buyer demand, inventory, pricing, or specific areas, and we expect the market response to become clearer over time. What we’re seeing from buyers right now is a mixed reaction. Some buyers feel the uncertainty is a reason to move sooner and secure a home before conditions potentially change, while others are taking a more cautious approach and choosing to hold off until they have a better sense of how the situation develops. In other words, we’re seeing both sides of the story—some buyers are becoming more motivated, while others are becoming more hesitant.

For sellers, the key takeaway is that buyer motivation may become more dependent on the individual property and its perceived value. As we watch the market respond to the fires, we’ll be paying close attention to showing activity, buyer feedback, new inventory, and how quickly properties are moving. There’s no clear way to predict the full impact yet, so for now, we’ll continue watching the data and adjusting our strategy based on what buyers are actually doing rather than reacting prematurely.

– Haydn