January 2016 Market Update for Martin Acres and Majestic Heights

 

Screenshot at Jan 21 12-16-08

 

Another one is in the bag for our Martin Acres and Majestic Heights neighborhoods! Let’s get right to the good stuff…

We appreciated 18% this year and are right on track for double digits in 2016. This year looks a lot like last year. Let me summarize.

Appreciation: In 2015 we appreciated 17-19%. In 2014 we appreciated 16-19%.

Days to Contract: In 2015 it took an average of 2 weeks to get a property under contract. In 2014 the average was also 2 weeks.

New Listings: The number of listings that hit the market in 2015 was down 19% from 2014 which was down 24% from 2013. Just when you think the market can’t get any tighter it does!

And you know what that means don’t you? We are looking at another double-digit appreciation year in 2016. That’s is my prediction anyway. And I’d expect that after this year in double digits we will settle back in to high single digit appreciation. It’s a little early in the year to be making predictions for 2017 but what the heck… we might as well keep it interesting!

Below is a chart showing combined appreciation history of the Martin Acres and Majestic Heights neighborhoods. Let’s make it a great year Martin Acres!

Screenshot at Jan 15 11-54-46

 

p.s. – Buyers… don’t worry. It’s still a great time to purchase a home. Call me and I’ll take you from start to finish. You will be happy you did!

 

*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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