With the summer drawing to an end it seems like the craziness of the market is slowing down with the season as well. While we still have a low inventory of homes for sale they are staying on the market a bit longer at this point and it seems buyers are much more sensitive to price. If homes are just 10% overpriced they are sitting on the market and having to do price reductions where as 4 months ago these homes would have still gone under contract quickly. With so many buyers still in the market they are getting a small reprieve and having a chance to be more selective with their buying. Now is the best time to put your trust in a local market expert to assure you have your home priced correctly so that it will not become part of the stagnant mass sitting on the market for an extended period of time.
In Stroh Ranch we currently have 23 listings that are active while 17 of them are new builds in Village on the Green, three are single family homes in Stroh Ranch and there are also three condos on the market as well. There were 17 single-family homes sold last month and just one condo.
In Horseshoe Ridge there are currently 9 homes active on the market. There are two that are new builds for Berkeley, the Richmond model home, and then 6 others that are previously lived in. The homes in Horseshoe Ridge that are active have been there for an average of 30 days at this point. There were four homes that sold last month and they were on the market for an average of 49 days before going under contract.
In Country Meadows there are currently no homes active and there were two homes that sold last month.
In Robinson Ranch there is one home that is active on the market and has been there for 179 days total. They did go under contract and had to go back on the market.
The market in our communities is always changing and will continue to do so. Please keep an eye on horseshoestrohpulse.com for property reviews and monthly market updates to stay in tune with what is going on. If you ever have any questions as always please feel free to give me a call. Enjoy the Broncos this football season and we will see you around.
*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.