Greenwood & Phinney Neighborhood Real Estate Stats for 9/5/08
One of the many incredible sunflowers now in bloom around our neighborhood.
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As of today, per the NWMLS, there are 77 Single Family homes and 22 townhomes for sale in our neighborhood and 38 condos. The single family home prices range from $259,950 - $1,450,000 with a median price of $475, 950 and an average square foot size of 1,880. The average days on market is 81.
The 38 condos are priced from $168,000 - $619,990 with a median of $274,750 and avg. square foot of 850.
Contrasting those figures with sales for the past 6 months: 113 single family homes have sold since March priced from $265,000 - $1,195,000 with a median of $477,700, average sq. ft of 1806 and an average number days on the market of 58. This would put the current inventory at 4.09 months for single family homes.
33 Townhomes sold during the same period ranging from $295,000 - $675,000, 1,369 sq. ft and a median price of $345,000 also putting the inventory at about 4 months.
The combined 99 units of Single family homes and townhomes started their launched on the NWMLS with an average price of $550,993 which has now dropped by 3% to $534,429.00
Just some quick stats. There is still good inventory to choose from but houses are selling and some are selling very quickly. The days on market number tends be skewed by homes that came on way over priced and were willing to hang out and or new construction that was listed prior to having the ability to officially close i.e. when completed. Every day when I jump on the NWMLS there are houses pending that have only been on the market for a couple of days. If you would like more details on any of this information, please contact me at 206-660-7489 and I’d be more than happy to email you details.
written by: Kerri Sheehan - realtor, Keller Williams
