The Haven at York Street homes real estate 2008 sales analysis
Filing 1, Filing 3, and The Sanctuary
This is
a year end analysis of The Haven at York Street residential home
sales. We looked at active, under contract and sold properties for
2008 in Filing 1, Filing 3 and The Sanctuary. The new homes being built by
Engle Homes are not included in this summary in Filing 4
because Engle Homes continues to build. These are the sold house results
for 2008 for The Haven at York Street. It is important to know two
facts before to analyzing home data: how many days are homes on the market
before they are sold and the sold price of homes. The break down is separated into Filing 1 & 3 and then
The Sanctuary.
How long and what average price?
The Haven at York Street home activity is as follows:
The average days on market for sold properties in Filing 1 & 3 is 85 days
and the average sold price is $331,600. Homes sold in The Sanctuary had an
average days on market of 248 days and an average price of $397,500. What
is interesting in Filing 1 & 3 is that for homes listed through June of 2008
the average days on market was 102 with an average sales price of $336,809 and a price differential from original list price to sold price of 94%. Homes listed after July 1st of 2008 averaged 68 days on the market with an average
sales price of $318,736 and a price differential of 96%.
What does this data mean?
This is valuable home
selling information for home owners interested in listing and selling their
home. It is important to know your area and to remember that The Haven at York
Street Homes will sell quicker and closer to the original listed price when priced properly for the market. The home
sales data support the current trend in The Haven that homes are selling quicker
in the second half of 2008 vs. the first half, but at a lower average
price.
This reinforces the current Denver Metro sales trend of lower
priced homes selling quicker. It is part of a normal, healthy real estate
market recovery. If you are looking to relocate from The Haven, or perhaps
to buy a new home, then it is probably important that your Thornton real estate
professional be aware of the latest home selling information and current
trends in the neighborhood.
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