There were only 3 new listings that hit the market this December, and 2 of the 3 have already been scooped up. Buyers have very little to choose from on the hill at this time. If you’re looking for a single family home, one is just under $1 million dollars, and the other is a bi-level for $370,000. Both of these homes have been on the market since the summer (July and August). There are 3 condos/townhomes to choose from at this time – ranging from $212,000-$308,000. There are currently 16 homes under contract, ranging from $195,000-$469,900 list price.
There were 7 total homes sold in November of this year, compared to 4 total in November of last year. While they sat on the market about a week longer this year than they did last year, the average sold price is much higher this year. The average price of a single family home sold this November was $380,000 compared to $338,500 – a 12% increase. Condos/town homes averaged $240,333 this November, up 17% from $205,250 in November of last year.
The neighborhood definitely needs fresh listings, especially in the single family market. Future sellers should rest assured that even this time of year, listings are still being snapped up sometimes over a weekend, and for a better price than this time of last year. No need to wait until Spring when there is more competition – buyers are out there now.
*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.