Reviewed last summer's stats, and things have slowed down, however we are seeing the most
movement in the $950k-$1,200,000 price range. Move-in ready homes are still fetching a
good price here.
TJ MARTIN/MONTEVIDEO NEIGHBORHOOD PENDING VS. ACTIVE PER PRICE & DOM
|
PRICE RANGE |
ACTIVE |
PENDING |
PENDING VS. ACTIVE PER PRICE AND DOM |
AVG. SOLD DOM |
TOTAL SOLD AS OF 3/1-60+DAYS |
||
|
590,000-699,000 |
2 |
4 |
50% |
121 |
1 |
|
|
|
700,000-749,999 |
1 |
2 |
50.00% |
69 |
4 |
|
|
|
750,000-799,999 |
2 |
2 |
100% |
53 |
2 |
|
|
|
800,000-849,000 |
2 |
2 |
100% |
98 |
2 |
|
|
|
850,000-949,000 |
1 |
1 |
100% |
78 |
2 |
|
|
|
950,000-1,200,000 |
1 |
1 |
100% |
46 |
2 |
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ABSORPTION RATE FOR OUR NEIGHBORHOOD (NOT ALL OF ALMADEN) |
5.5 weeks |
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Absorption rate=Number of weeks it takes to sell the current inventory at the present rate of sales. |
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Pleae let me know if I can assist you in your real estate needs...
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