4S Ranch Real Estate Market Snapshot (November-2010)
Greetings, The Fed will be purchasing $600 billion in long term Treasury securities from now till well into next year to help stimulate the economy. As of today mortgage interest rates are at an astonishing 4.125%. On the home front the key metrics below will provide some insight into the 4S Ranch single family home, and condo/townhome market:
4S Ranch Single Family Homes
- November, 2010: 4S Ranch Homes for Sale: 66 (Active, contingent, and pending)
- November, 2010: 4S Ranch Months of Inventory: 5.8
- October, 2010: 4S Ranch Median Home Price $694,000; 7% lower than October, 2009
- October, 2010: 4S Ranch Homes Sold: 16; 78% higher than October, 2009
4S Ranch Condos and Townhomes
- November, 2010: 4S Ranch Condos for Sale: 33 (Active, contingent, and pending)
- November, 2010: 4S Ranch Months of Inventory (Condos): 6.3
- October, 2010: 4S Ranch Median Condo Price: $360,000; 2% higher than October, 2009
- October, 2010: 4S Ranch Condos Sold: 2; 80% lower than October, 2009
Thank you for reading!
Stephen MacLeod
Broker/Owner
Highland Realty
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