Current Real Estate Market Update - 2/3/12
There is VERY little inventory right now (especially on the west side), so we should see prices start to creep up.
Active:
East side:
7469 S Norfolk Way (1,306 sq ft, Aspen), $219,500
7499 S Lewiston St (1,927 sq ft, Spruce), $223,000
7477 S Norfolk Way (2,142 sq ft, Cottonwood), $259,950
West side:
None
Under Contract: (Shown with last listing price.)
East side:
7431 S Nucla St (1,454 sq ft, Magnolia), $189,900, bank owned
West side:
7476 S Memphis St (2,170 sq ft, Barrymore), $258,900
Sold - YTD: (by date sold)
East side:
None
West side:
None
2011 Creekview at River Run Market Review
A total of 20 homes sold in Creekview at River Run in 2011. (11 Seasons and 9 American)
Overall, the average sales price in Creekview was down 2.8% from 2010, to $222,855. Much of this was due to smaller models selling more than larger ones. Because the smaller homes have a lower average price, it brought down the average as a whole. This is NOT an indication of declining values. It's simply a representation of the mix of homes that sold last year.
There were a total of 3 short sales and 2 bank owned sales last year, 2 fewer bank sales than last year. These sales equaled 25% of the total number of homes sold in Creekview.
Creekview - Overall
Number of Homes Sold = 20
Average Net Sales Price = $222,855, -2.8% from 2010... Remember, this decrease is due to the models that have sold. It's not an indication that values overall are declining.
Average Price Per Square Foot = $128, +4.1% from 2010
Average Days on Market = 99, +33.8% from 2010
Here is a breakdown between the west side (American) and east side (Seasons)...
Creekview – Seasons
Number of Homes Sold = 11
Average Net Sales Price = $203,984, -5.2% from 2010
Average Price Per Square Foot = $132, +6.5% from 2010
Average Days on Market = 129, +174.5% from 2010
Creekview – American
Number of Homes Sold = 9
Average Net Sales Price = $245,919, -3.0% from 2010
Average Price Per Square Foot = $122, -0.8% from 2010
Average Days on Market = 62, -48.3% from 2010
This information is deemed reliable, but not guaranteed.
If you would like a complete market analysis of your home, contact me today!
Drew Schneider
720-289-0260
Drew@DrewsHomes.com