There is currently 3 active listings on the market in West Colfax. These 3 listings have been on the market thought for an average CDOM of 105 days. The best explanation that I can give as to why these have a higher CDOM and have remained on the market for more than the average is because 2 of the 3 are overpriced. One just did a $10,000 reduction within the last day so this could possibly help drive in a little more interest. There is one listing that I do not believe to be overpriced. The reason I believe this listing is still on the market is because the price point is higher than the norm in this neighborhood (600K). The norm is around 340-350K. If this listing were in Sloans Lake, Highlands or Jefferson Park it would be under contract by now.
Of the properties that are under contract, the average CDOM is 22 days. This tells me that the properties were probably priced right therefore going under contract quickly. There are two properties at 600k, one went under contract a
Currently there are 7 active listings. These are the same listings that were listed in the month of October as well so there were no new listings that came on the market in November. The average listing price is $383,243 with an average PPSF $250. This price is typical for the neighborhood.
There are two listings currently on the market that are in the 600s which is not a very typical price point for the neighborhood. One of the listings is new construction and the architecture, style, and finishes are typical of the new construction found around Sloan’s Lake, The Highlands and Jefferson Park.
During the month of November there were 4 listings that sold which is higher compared to the
Currently there are 9 active properties on the market in West Colfax. The average CDOM is 48 and the average price is $350,244. The average price is typical for this area but the average CDOM for October is a little higher than normal for this area. This is probably due to the normal slow down of the fall/winter season. The highest priced property is $600,000 which is a little high for this area and the lowest priced property is $189,900.
There is a property on the market for $600,000. That price is a little high for this area. It has been completely remodeled and has beautiful finishes therefore it has a higher price point but again, it is more typical to see those prices in Sloans Lake, and Jefferson Park.
During the month of October there were 4 properties sold. The average CDOM was 1
Currently there are 7 active listings, which is more than the previous month. The homes that are on the market are staying on the market for more amount of days than previous months. The average PPSF of the current listings is $211 which is common for the area. The properties that are currently active have an average CDOM of 49 which tells me that the market is cooling off a bit this last month.
In the month of August there were 3 properties sold. The average CDOM was 14 with an average PPSF of $215. Out of the 3 properties that sold, two of them were two bedrooms and one of them was a four bedroom and looks like two of them were on the market for 2 weeks. What makes some of these homes desirable is