
(WordPress, the platform for this blog, came out with a redesigned platform on Friday and I have been fighting with it since then. So if the topics are not lined up well, this is why. I was speaking with a Highlands neighbor this morning, who said to publish this anyway and let everyone know why it looks even a bit messier than usual! So, here goes this week’s update)
Active Listings: 26(24)
New listings: 2(1)
Re-listed properties: 1(7)
Sold subject to inspection: 1(0)
Pending: 1(1)
Closed Sales: 1(1)
Contingent sale: 0(0)
Number of Price Reductions: 0(1)
Cancelled listings 0(1)
Expired Listings 1(0)
Temporarily Off Market 0(0)
Price increase 0(0)
Back on market 0(0)
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0-$349,999: 0(0)
$350,000-$499,999: 1(2)
$500,000-$749,999: 8(6)
$750,000-$999,999: 10(11)
$1,000,000- $1,499,999: 4(2)
$1,500,000- $2,999,999: 3(3)
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Average Price: $961,678($945,394)
Median Price: $875,300(868,300)
Market: 50(46)
Highest Priced Listing: $2,299,950 ($2,299,950)
Lowest Priced Listing: $489,000 ($440,000)
My analysis of this week’s real estate buzz (through midday Friday):
This week there are two listings and one home that has been re-listed. One home is sold subject to inspection, so the next step will be an inspection of the property. One home is now a pending sale and one home sale is closed. The closed sale of the week, in which we know its sale price, sold for 9% below the original asking price. Nine percent below the original asking price is not all that unusual in our current market.
New listings:
$629,000 daylight rambler with a view on 116th with a large lot.
$1,200,000 two story built in 2004 with 3100+ square feet, 5 bedrooms and 3.5 baths.
Homes receiving offers:
(homes in which an offer has been made, but is now going through a building inspection)
$799,950 contemporary two story with 2235 square feet and a view.
Homes sold contingent:
(The buyer has to sell their home as a condition of the sale.)
None this week.
Homes that are pending sales:
(home sales in which the inspection has been satisfied)
$869,000 two story with 3210 square feet, built in 2001
Closed sales:
(Homes in which the new owner has moved in!)
$1,060,000 two story home built in 1996 with 4 bedrooms, 2. 5 baths, and 3190 square feet. Original asking price of $1,175,000. Sold for 9% below asking price.
Cancelled listings:
None at this time
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Town homes/condos
6 town homes currently on the market
New listings:
Sold subject to inspection:
Pending:
Price reduced:
Closed sales:
No new activity in the above categories.