Absorption Rate for Condominiums and Lofts in Capitol Hill | Governors Park | Cheesman Park | $300,000 - $500,000

By
Real Estate Agent with HomeSmart Cherry Creek

 

Capitol Hill | Governors Park | Cheesman Park

$300,000 - $500,000 price range

12 Month Evaluation - 8 sold properties in last 12 months.  8 divided by 12 months equals .67 properties sold per month.  There are currently 12 active comparable properties on the market.  12 divided by .67 equals 18 months of worth of inventory.  This means a strong buyers market.

 

Sold Count 8  
Avg Total DOM 108    
 
  Original List Sold Net Sold
Average Price $373,300 $345,900 $331,775 $330,800
Median Price $346,450 $341,700 $320,000 $319,000
 
Avg Price/SqFt $209 $198 $190 $189
Avg Price/Fin SqFt $203 $185 $185 $184
Avg Price/Acre        
 
% of List     95.9 % 95.6 %
% of Orig     88.9 % 88.6 %
 
Lowest Price $305,000 $305,000 $300,000 $295,000
Highest Price $494,500 $379,900 $365,000 $365,000
High/Low Range $189,500 $74,900 $65,000 $70,000
Mode Price   $379,900 $320,000  
Volume Price $2,986,400 $2,767,200 $2,654,200 $2,646,400

Charlene Place

Posted by

Jane Wallace, CRS
Broker Associate

Comments (2)

Will Nesbitt
Nesbitt Realty at Condo Alexandria - Alexandria, VA
Nesbitt Realty is a family-run brokerage.

Thanks for the statitistics and congratulations on another featured post at CondoBenefits.

Sep 27, 2009 10:27 PM
Jane Wallace
HomeSmart Cherry Creek - Denver, CO
CRS | SRES, Denver Real Estate

And Thank You Will

Sep 28, 2009 01:49 PM

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