In 2010, Ken Caryl Valley Real Estate showed some improvement. Although it wasn't a banner year, the modest improvements we see might be indicative of even better results in 2011.
Overall, the number of homes sold in the Ken Caryl Valley had their best performance in a few years.
The not-so-bright news is that the Average Sold Price declined a little in 2010.
I believe that this decline in Average Price from 2009 is the result of a few foreclosures that were sold in 2010. Ken Caryl Valley Real Estate hasn't been as affected by foreclosures as other Littleton neighborhoods have been over the past few years. In 2010, there were three foreclosed properties sold. All three sold for under $550,000, which affected the Average Price. If we look at the Median Price, a value at which half of the homes sold for more than the value and half of the homes sold for less than the value, we actually see some improvement in pricing.
As I mentioned in a previous blog post about Littleton Luxury Homes, there are signs that higher end real estate is improving in our part of Denver.
When reviewing the current 32 Ken Caryl Valley Homes For Sale, there are no "distressed" properties on the market. This might also be a positive sign for Sellers that prices will continue to improve.
However, with 32 homes on the market, and an average of six homes sold per month, there is currently a 5-Month Supply of homes. This is indicative of a Buyer's market. If you've been dreaming of moving to the Ken Caryl Valley, now might be a perfect time to get the best price on your dream home. Contact Littleton Realtor John Basila for your confidential consultation.
2010 brought us some signs of improvement in Ken Caryl Valley Real Estate. Let's hope that 2011 is a banner year!