Our neighborhood currently has 8 active homes on the market as of Oct. 5th. While this seems like a lot compared to the crazy spring and summer months, this is very typical for this time of year.
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.
The typical Ralston Estates home in the upper 1900 SF- 2200 SF range is selling in the $350K range depending on updates and lots.
Ralston Estates had 6 homes sell in September 2015. The average days on market was 4 with the average price per finished square feet at $182/psf.
Prices were still rising at the end of August, but we did see a slight decrease in September. In June, the average was $169/pfsf, in July the average was $176/pfsf and in August the average was the highest at $186/pfsf.
I also expect to see the average days on market increase as we head into fall and winter.
September has shown us the frenzy of the spring and summer is definitely slowing down a bit. We had 6 homes sell compared to 9 in August and 12 in July. In September 2014, there were 9 homes sold in the same period.
As we head into the holiday season, the real estate market in our neighborhood typically slows down and I expect to see fewer active properties in the next few months. This might be a great time to list if you’ve been thinking about listing your home. A lot of people tend to wait for Spring but that is when buyers have a lot of options to choose from when they are touring.
If you are thinking of listing next year, there are some things you can start doing now to get your home ready for next year. Call or email me and I can help guide you on this process.
*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.