November 2015 Market Update for South Johnstown

There are 36 active properties in South Johnstown on the market. Up 10 from last month. The average price per sq ft is $109.45. Single family detached homes with an average sq ft of 2900.

We continue to see prices steadily increase not as fast as in the summer but still an increase.

20 properties sold in Oct compared to 27 in Sept and 15 in Aug. The days to contract range for 1 to 220 days.. The average days to contract is about 20 days with larger higher priced homes being a bit slower. All in all the market is still moving fast

The average sales price in South Johnston is $309,981. The majority of homes sold this last month are single family homes in neighborhoods Under $400,000.
South Johnstown continues to be very affordable The average sales price in South Johnston is $309,981. This makes the area more desirable because you can get a fantastic newer constructed home in a upscale neighborhood at a great price.

I believe the market will continue to stay steady over the holidays.
After the first of the year it will start top pick up the fast pace again.Low inventory great interest rates and high rents make for a fast paced market. I can’t see any of that changing any time soon. Now is still the time to sell or buy!

*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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