November 2015 Market Update for Highlands Ranch-Northridge
Northridge currently has a low inventory of homes for sale at only 8 listings. Three of these listings have been sitting for a month or more. Recently I visited 1046 Cobblestone Dr. which has been on the market since August. This home is a beautiful and large home. I believe it is priced in line for the finished square footage provided, however, for its location and comps along Cobblestone, it is priced high. I would price this home more in the $330,000 price range.
If you look at this month’s active listings, in comparison to October’s, you can see a significant slowdown in the number of homes being listed. With half the amount of listings, buyers will continue to struggle with the purchase of a home.
The homes we are seeing at this point in the year are sitting between $330,000 – $450,000. Any home that is priced below the $330K mark are not lasting long. Do not let this discourage you from purchasing a home during the winter seasons. Often times, t