January 2016 Market Update for Johnstown Southwest

Donna Ehnert Johnstown Front Q4

5 new properties have been added to active listings in Johnstown southwest. A total of 17 properties are active with an average price of $311,602. Of those 17 12 are active/backup under contract.Still very low inventory. Johnstown continues to offer affordable housing with great neighborhoods and a small town feel.Average prices have increased just not as much as surrounding areas. 15 single family properties have sold in the last month 2 attached properties sold. Average days to contract single family home 62 days. Average days to contract on attached dwelling 23.5 days. Market continues to move fast!

Most of the sold single family homes sold were in Pioneer Ridge. Fantastic neighborhood with newer builds. I am hopeful as the new year progresses we should have more inventory.With current market conditions the values are continuing to rise. Johnstown continues to offer affordable housing in this tight market but prices are creeping up. Johnstown Milliken has several new builders moving into the area it will be interesting to see what they build and the starting price points.

*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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