Because people often ask me how home sales are doing in the Village of River Ranch, I've decided to pull the numbers for the past 5 years. The graphs represent home sales and prices in River Ranch between January 1st and July 25th each year and do not include sales of condos.
The number of home sales is less than half of what it was 5 years ago for the same period.
The average sales price for homes in River Ranch is down from it high of $713,846 in 2008 and is now $588,866.
In 2008, at its highest, the average price per square foot for a home in River Ranch was $215.25. This year, it is $196.20/sqft, down from $197.18 in 2010.
Inventory remains high in River Ranch with 28 homes available. The average price for active listings is $593,994 and $205.91/sqft. The average days on the market for active properties is currently 234 days.
The average days on the market for the homes that have sold so far this year is 288 days, which is more than twice the average for all home sales in our area.
If you would like more information about River Ranch or any other neighborhood in Acadiana, contact me.