Highlands Ranch Real Estate : November 2011 Market Statistics
The year is quickly coming to an end, not sure about you but for us 2011 just flew by. Next month we'll receive the statistics for December and share those with you as well as our assessment of the Highlands Ranch real estate market for this year. In the mean time, let's take a look at November.
Looking at the residential market here in Highlands Ranch we see just a very small dip in the number of homes that sold when compared with last year, yet an increase of 10% for the total number for the year. Again active listings are down this month to the tune of 32.6% and the number of new listings for November 2011 vs November 2010 is down a shocking 51.2%.
The condominium / town house market continues to mimic much of last year's numbers. The number of homes sold in November exactly matching 2010 and the number for the year down only a very small 2.7%. Again we see a decrease in active listings, 18.3% and a significant decrease in new listings year to date, 46.2%
As we've noted throughout the year, the decrease in the number of active listings has translated to an improvement in time on market for those homes that are being sold. The residential market is experiencing a 27.6% decrease in the amount of time it is taking to sell a home and the condominium market is down a healthy 29.5%.
Sold prices were fairly consistent when compared with this same time last year. The residential market experiencing a small 4.2% decrease and the condo market a 4.5% increase. Remember though that these numbers are averages and do not necessarily reflect the value of your Highlands Ranch home or condo. Call Kathy at (303) 931-3780 for a free, no obligation, market analysis of your home to establish it's true value in this market.
If you have any questions, please call Carrie at (303) 931-3629 and SampronSisters of Home Real Estate will be happy to help.
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