In mid November, there were 55 active listings in Reunion and Buffalo Mesa. 35 of which are already under contract! The average price per square foot on active listings is approximately $154 which is right in line with October’s recorded sales.
Of the 20 homes that are waiting for buyers, there are a few that are simply trying to push the market too much and are overpriced. One listing in particular has been on the market for over 120 days and has not had one price decrease.
October closings showed a little more activity than September with 18 homes closing in the Reunion/Buffalo Mesa. Average days on the market decreased down to about 20. Average price per square foot on homes sold in October was $154
In comparison to this time last year, average days on the market before going under contract was 29 and average price per square ft was $138.
Home prices are still steadily increasing while time on the market is less. This is in line with the rest of the metro area.
I think we will continue to see a steady increase in housing prices. With the passing of measure 1A in recent elections, for airport development at DIA, this area will stay strong!
*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.