Woodstone is a large subdivision of 270+ homes in the Rockrimmon area. Most of the homes were built from the mid 80’s to the late 90’s.
Variety is the name of the game in Woodstone. Floor plans vary from ranchers to 5 level homes. Square footage varies from 1,273 to 4,889.
The houses in the community are zoned to Academy District 20 schools.
Given that the square footage and year built varies so much, asking prices in Woodstone run from the low 200’s to low 400’s.
Between 5/1/2010 and 9/30/2010 there were 5 sales and for the same period in 2011 there were 7 sales.
2010 2011
2,293 2,688 median square feet
$251,000 $278,000 median list price
$108.59 $100.41 median list price per square foot
$248,000 $277,500 median sales price
$108.16 $99.67 median sales price per square foot
95% 99% sales price / list price
7 75 median days on market
ANALYSIS:
This is a good core neighborhood that gives a good indication on how trends across the city are doing.
The 95% sales price / list price in 2010 was largely a factor of sellers wishing the market was better than it was. Sellers and listing agents did a better job of pricing the houses in 2011 as they got 99 percent of list price.
The median of 7 days on the market in 2010 was a bit of a fluke. On the other hand the 75 days on market in 2011 were certainly indicative of buyers being a bit more cautious and taking a little longer to look.
The $8 drop in median sales price per square foot is mostly due to larger houses being sold.
The fact that the median sales price jumped nearly $30,000 and well over the more common mid 250’s is indicative that some buyers are taking advantage of lower interest rates and moving up in price.
Woodstone remains a neighborhood with good value that is at least steady and possibly increasing slightly.
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