July 2017 Neighborhood Market Update

August 14, 2017
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# of Closed Sales: 12

Average Days on Market for Solds: 14

Median Sales Price: $395000

# of news listings: 8

Months of Inventory Last Month: 1

Ralston Valley Estates had 12 closes averaging $187/per square foot in the month of July. We also had 8 new listings hit the market in July- much less than the 15 new listings in June.

As predicted, the hot summer month of July was slower for our neighborhood which is typical with folks gone on vacations. We saw an increase in average days on the market for new listings from 8 days to 14 days and also the median sales price dropped from $400,000 to $395,000. 

With school right around the corner, I predict the month of August will be very similar to July in terms of sales and pricing. However, it is very typical for September and October to be much busier months so get ready!