Ridgewood Real Estate Market Report
The NoCo Home Team Perspective
Statistics are great but what does it all mean? Here is our take on this month's Ridgewood Real Estate Market Report:
Ridgewood has been a pretty active community in terms of sales for the past few years and this year was no exception. With a total of 32 homes sold this year alone it ranks as a very popular location for Fort Collins buyers. There was an overall decline from a whopping 47 solds last year to the 32 this year, which is a significant drop but still high for the area. The average sales price dropped about $4,000 for those homes sold in 2011. The average days on market for a sale also dropped from 105 to 97, showing a better turnaround from time of listing to time of closing. Homes are currently selling for about 98% of list price.
Ridgewood Hills is one of the unique subdivisions in South Fort Collins that is actually in the City of Fort Collins but a part of the Thompson School District in Loveland. It sits on the crest of a ridge looking East and bordered by open space along its South and East edges. The community features homes in the $250-350k price range with moderate square footage and mid-range finishes. In general, Ridgewood Hills is a strong investment and a beautiful neighborhood for your Northern Colorado home ('course that's what we say about all Fort Collins Real Estate!)
We hope you've enjoyed this months Ridgewood Real Estate Market Report!
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