After a strong June and July, August remained solid with 10 new sales between the Broadway Estates and Southwood neighborhoods.
Although this is only 2 more sales than August 2014, the volume of such sales increased by nearly 60% year over year (or from $2,543,900 in August of 2014 to $4,059,400 in August of 2015).
With eight properties in the neighborhoods under contract as I type this article, September is looking to have strong sales figures as well.
While August marked only 5 new listings, which is fairly typical due to the back-to-school time of year, the South Broadway marketplace remains hot with the average number of days from listing to under contract at just over 9 days and the average percentage of sold price versus list price at 100.93% (taking into account data from June, July & August).
It will be interesting to see if the market tapers a bit as fall nears. However, with continued limited inventory, the market still favors sellers, but buyers have gotten savvy to the current marketplace and are writing stronger and stronger offers to get into that first position.
Happy buying and selling!
*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.