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McCormick Ranch Market Report
 
July brought 10 closed home sales (as reported in the MLS for the period between 7/1-7/31/08) in McCormick Ranch.  THe lowest reported sale price was $449,500, and the high was $900,000.  For these properties which which a successful conclusion, the average sale price was at 93% of list price, with an average price per square foot of $234.06.
Sales continue to lag inventory.  The next entry will focus on current active listings.  There are 122 single family homes currently for sale in McCormick Ranch.  For July, that translates to approximately 1 closing for every 12 homes for sale.  As always, statistics are a great place to start, but never provide the full story.  Every subdivision, builder and property is unique in McCormick Ranch.  Ranging from small ranch style homes with low ceilings built in the early 1970s to homes that have been completely rebuilt with soaring ceilings, modern architecture and the latest cosmetic upgrades, McCormick Ranch homes cannot be properly evaluated through raw data alone.  For a professional opinion of value for your home from your resident McCormick Ranch specialists, or for an opinion of value on a property you may have your eye on, contact Ray and Paul Slaybaugh with Realty ... more

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