Market Trends Westcliff, Westminster, CO, 80021, Homes in Westcliff
Looking at homes in the Westcliff subdivision in Westminster that are currently active on the market, under contract or have sold or with drawn in the past three months, one can gather an idea of what the market trends are now, and
how they will change in the coming months.
There only two homes currently active on the market in Westcliff. The first home is listed at $310,000, has 1,799 total square feet, 3 bedrooms, 3 bathrooms, and a 2 car garage and has only been on the market for 11 days. The second home is listed at $397,000, has 2,420 total square feet, 6 bedrooms, 4 bathrooms, a 3 car garage and has been on the market for 70 days.
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In the past three months, 36 homes have been withdrawn from the market in Westcliff after an average of 80 days on the market. These homes were listed at an average of $326,687.
In the same time frame, only two homes have sold in Westcliff. The first was listed at and sold at $314,900 after only 4 days on the market. This home had a total square footage of 1,810, 3 bedrooms, 3 bathrooms, and a 3 car garage. The second home was listed at $339,000 but sold for $330,000 after being on the market for 24 days. This home had 2,409 total square feet, 4 bedrooms, 3 bathrooms and a 2 car garage.
There was nothing terribly unique about the two homes sold, it appears they priced right and were simply just favorable to the buyers looking in the area
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Currently there are 6 Westcliff homes under contract; these homes have been on the market for an average of 50 days and were priced at an average of $344,650. The total square footage of these homes ranged from 1,438 to 3,657.
The market in Westcliff indicates there is significantly more inventory than there are buyers looking to purchase homes in the area. However, the homes sold within the last three months indicate that a well priced home in the area will not stay on the market long, and with so much inventory, buyers can certainly afford to be picky. This seems to be resulting in many homes being with drawn from the market.
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