Real Estate Market Reports for May 2007 - PARKER, ELIZABETH, FRANKTOWN, KIOWA
Douglas County & Elbert Colorado - STATISTICS FOR HOME SALES IN THE AREA
This report includes all areas of the MLS known as DEP : Douglas County & Elbert County - Parker, Kiowa, Elizabeth, Franktown
Residential - Single Family Homes
ACTIVE LISTINGS
- Total Active: 1278
- Average Price: $542,687
- New Listings: 615
SOLD LISTINGS
- Total Sold: 235
- Average Price of Sold: $371,339
- Sold at % of List Price: 97%
- Average Days on Market (DOM): 106
OFF MARKET
- Under Contract: 248
- Expired: 54
- Withdrawn/Other: 371
Residential Condos/Town Homes
ACTIVE LISTINGS
- Total Active: 187
- Average Price: $182,522
- New Listings: 79
SOLD LISTINGS
- Total Sold: 37
- Average Price of Sold: $169,889
- Sold at % of List Price: 99%
- Average Days on Market (DOM): 135
OFF MARKET
- Under Contract: 27
- Expired: 5
- Withdrawn/Other: 51
So what does all this mean?
There is roughly a 5 months supply of residential homes and 7 months supply of condo/ townhomes in this area.
If you don't want to wait 5 to 7 months to sell, then typically another 30 to 45 days to close, then price and condition are crucial.
If you are a buyer for this area, inventory is great - now is a great time to be a qualified buyer here.
*Statistics from MLS deemed accurate but not guaranteed.
*These numbers may not include FSBO and New Construction.
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