Hello West Highlands Community-
In this Market Update we will look at the activity in January 2015 and compare it to January 2014.
In a nut shell January 2015 looked a lot like last year.
Currently there are 20 active listings on the market in West Highlands (*Defined by 38th to 29th and Sheridan to Federal). This is about a 1.7 months supply of inventory. Which clearly continues to be a favorable market for sellers. The current active price points range from $1,149M to $374,950. With an average price per square foot above grade of $329 and a price per square foot finished of $287.
Currently there are 10 under contract properties.
In review of January 15 stats: There were 11 sold properties (12 solds in January of 2014). Essentially the same transaction count.
The high sold price in January 15 was $539,00 (full list) and a low price of $351,000 ($1k above list).
The average price per square foot was $380 above grade (this was effected by an outlier 3336 Stuart with a psf above of $516). The average sold price per square foot finished was $283. This was an increase from 2014 which was $272.
So although the transaction count was similar year over year, there is appreciation from last year.
Thanks for checking out the pulse! If you need to buy or want to capitalize on this market and sell- now is the time with Spring around the corner!