Hawkwood Real Estate Market Summary – January 2025

The Hawkwood real estate market started the year strong with a notable increase in sales activity and rising home prices. The benchmark price for total residential properties in January was $682,200, reflecting a 4% year-over-year (Y/Y) increase.

Key Statistics:

• Sales: 9 transactions (+800% Y/Y).

• New Listings: 14 new listings (+600% Y/Y).

• Inventory: 12 active listings (+500% Y/Y).

• Months of Supply: 1.33 months, indicating a seller’s market.

• Sales-to-New Listings Ratio (S/NL): 0.64, suggesting strong buyer demand.

• Median Price: $640,000 (+34.5% Y/Y).

• Average Price: $679,556 (+42.8% Y/Y).

Property Type Breakdown

• Detached Homes: $749,900 benchmark price (+5% Y/Y), with 8 sales recorded.

• Row/Townhouses: $422,100 benchmark price (+3% Y/Y).

• Apartments: $333,100 benchmark price (+6% Y/Y).

• Semi-Detached: No sales recorded this month.

Market Trends

1. High Sales Growth

Sales saw a significant 800% increase compared to January 2024, suggesting renewed buyer confidence in the market.

2. Increasing Home Prices

• The overall benchmark price rose by 4% Y/Y, indicating sustained property value appreciation.

• The detached market remains strong, with an average price increase of over 5% Y/Y.

3. Limited Supply & Competitive Market

• With only 1.33 months of supply, Hawkwood is currently experiencing seller’s market conditions.

• Inventory remains relatively low, leading to competitive bidding among buyers.

2025 Market Outlook

What to Expect in the Coming Months

• Continued Price Appreciation: Given the strong demand and tight supply, prices are expected to rise steadily throughout 2025.

• Increased Listings: More homeowners may list their properties in the spring, leading to a more balanced market.

• Interest Rate Impact: If interest rates remain stable or decrease, buyer activity could surge, further driving price growth.

• Stronger Spring Market: Historically, sales volume and prices tend to peak in Q2 (April – June).

Key Takeaways for Buyers & Sellers

• Buyers should act quickly in this competitive market, as inventory is limited.

• Sellers are in a strong position, with rising property values and favorable market conditions.

Hawkwood’s real estate market had a robust start to 2025, with high sales activity, increasing home values, and tight inventory levels. If trends continue, 2025 is shaping up to be a seller’s market, with continued price appreciation and strong demand.