I have a SFH, in a subdivision of Fayetteville,NC.. 4 days ago a property 3BD/2BA 2107 sqft came on the market for $215k.. avg hm sold in Fayetteville is around $157k.. I purchased my home in Feb 2019 a 4BD 2BA 2072 sqft for $159k.. There are a number of 4Bedroom homes in my subdivision as well as 3bedrooms. However, this home which is very nice, has all the bells and whistles is price at or near some of the bigger 4BD/2BA homes. Does have a pending offer.
In your experience can 1 home start a selling frenzy, raise the overall value of the subdivision, or even start a bubble? I know once sold, it's going have effect on comparables. I do anticipate rental value to increase, due to the expected raise of Military BAH in 2020.