Our neighborhood currently has 9 active homes on the market as of Dec. 7th. The average listing price per finished square foot is $184/psf. As predicted, we are seeing a typical slow down with the holidays in full gear. The large home on Indiana Street is still on the market due to the large lot and square footage of the home. This home is listed at $1.7 million. It has been on the market for 150 days and has not had a price decrease. I’m still keeping an eye on 6426 Zang Ct. It was under contract on Oct. 26, but is now back on the market- totaling 154 days total. It also already went through a few price drops in the summer and the previous listing expired.
Ralston Estates had 5 homes sell in November 2015 compared to 5 homes in October. The average days on market was 25 with the average price per finished square feet at $162/psf- just slightly lower than October was at $165/psf. Days on market is increasing, which is to be expected during this time of year. If you are listing your home, I would suggest you expect the home to be on the market 2-4 weeks.
Our November month in 2015 slightly beat the 2014 stats: 5 homes sold versus 3 in 2014 with an average median price of $330,000 versus $320,000 in 2014. Also- days on market beat last year’s stats at 25 versus 37 days.
HAPPY HOLIDAYS! Thank you so much for a beautiful 2015 and I look forward to assisting you with your real estate needs in 2016!
*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.