February 2016 Market Update for Eisenhower

The 2016 real estate market for the Eisenhower neighborhoods is off to a nice start.

What our market needs is homes for sale. The month of January isn’t the typical time of year to see a lot of new properties for sale though. There were 2 new listings in January (both of which are now under-contract).

* 108 Huron Ct. 3 bed/ 4 ba 2248 sq. ft $610,000 Days to offer: 17 (listed by Erik Boye @ 8z Real Estate)
* 4499 Dallas P. 3 b bed/ 3 ba 2794 sq. ft $640,000 Days to offer: 4

Here is a link to all the current available and under-contract properties for sale in the Eisenhower neighborhoods: http://www.IRESis.com/cwa/link/?llid=xhkgx0

Although this time of year we are typically low on inventory of homes for sale I was encouraged to see 5 closed transactions/sales in January this year (last January 2015 there were only 2).

* 270 Seminole Dr. 4 bed/ 2 ba 2336 sq. ft $625,000 Days to offer: 3 $268/ sq.ft

* 5313 Aztec Dr. 4 bed/ 3 ba 2328 sq. ft $637,000 Days to offer: 169 $274/ sq. ft (Sold by Erik Boye @ 8z Real Estate)

* 5320 Illini Way 4 bed/ 3 ba 2844 sq. ft $642,000 Days to offer: 91 $226/ sq. ft

* 5337 Gandhi Dr. 4 bed/ 3 ba 4376 sq. ft $830,000 Days to offer: 59 $190/ sq. ft

* 6047 Reserve Dr. 5 bed/ 5 ba 5246 sq. ft $1,010,000 Days to offer: 111 $sq.ft

When looking at sold data in the month of January it isn’t surprising to see a bit higher days on market. The properties that just sold were for sale during the typical slower portion of the year with holidays, weather, etc.

I am hoping that we see more homes for sale in the near future. I have a couple of able and hopeful home buyers who are anxiously waiting for a home in the Eisenhower neighborhood. If you’re thinking of selling give me a call and we can discuss what your home is worth and how to MAXIMIZE the value in this great opportunistic market.

Erik Boye
303-931-4051
erik@8z.com

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*Not all properties were listed and/or sold by 8z Real Estate. This data is based on content supplied by REcolorado, IRES, PPAR, and/or MLSListings. Content is deemed reliable but not guaranteed. Content may not reflect all real estate activity in the market.

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