Through April, Dilworth sales decreased 14% to 68 properties sold compared to 79 the year before. The decline was driven by the Over $500K segment which dropped 41%; compared to the Under $500k segment which grew 21% (mostly from condo sales). Has the Dilworth Real Estate market turned? We think not: Low Supply of homes is the driving force with less than 3 months of Inventory.
Further evidence that the Dilworth market has not turned is Sold Price Per SF grew 5% in the 1st 4 months of 2019 from $288 to $301. This price increase occurred in all price ranges. If you’re thinking about selling your Dilworth property, now is a great time with rising prices and low supply (your competition when you sell).