With a total of 71 active SFH and ATD properties, overall inventory is up by 3 (68 on last report). Average sales price for single family homes is back down to a more modest $383,247 after last periods run on luxury homes in the area put it at $473,693. Average price per square foot is also back down to $131. Number of sales is down slightly which is to be expected for this time of year. At the end of the day the market is holding pretty steady when expected seasonal down turns are factored in and anomalies are factored out. Average days on market is back down to 81 for SFH and 63 for DTC. Moving forward I’d expect things to start to pick up as we begin to enter what is traditionally a busier period of time (early spring to summer). If you have plans to buy or sell in the spring or summer now is a good time to start meeting with a real estate expert. Buyers will need to speak with a lender so they can start the pre-approval process. A good lender will discuss with you your credit position and the best way forward. Sellers will want to meet with their broker and discuss the process of listing their home. While a home can be brought to market very quickly an unhurried plan will result in less stress for you. Some homes might be turn key but most require some decluttering and staging is a very good idea. Also getting a pre-inspection on your home will allow you to know what might come up on your buyers inspection. A good broker should be able to tell you how anything found on your pre-Listing inspection could affect the sale of your home. Feel free to contact me to discuss the market or your real estate needs.
*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.