Currently there are 6 active listings with an average CDOM of 35. There are currently 12 properties under contract with an average price of $450,771 and average PPSF of $300. Current properties under contract range from $245,000 all the way up to $740,000. Which is typical of this area to have a mix of these price ranges. Currently there is a listing for 4.2 million which is not typical to have homes in that price range in this area. Typical price for the higher end in this area has been around $800-850.
During July there were 18 properties sold with an average price of $432,753, with an average PPSF of $298 and average DCOM of 147. Reason being for a higher DCOM in this neighborhood in comparison to others is for the amount of new construction. Sold properties in this neighborhood range all the way from $295,000 to $769,000. The properties that are priced under $400,000 tend to have few CDOM. It is typical to have properties in all different price ranges in this neighborhood as it is still experiencing quite a bit of transformation/construction.
Listing and sold data tells me that this neighborhood is still very hot and active. I predict that this neighborhood is still going to have a lot of activity. Being that there is a large amount of new construction buyers may have a better opportunity in this neighborhood to get a reservation on a new build and experience less competition.
*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.