December 2016 Market Update

January 25, 2017
image

# of Closed Sales: 8

Average Days on Market for Solds: 19

Median Sales Price: $272500

# of news listings: 5

Months of Inventory Last Month: 0

December 2016 wrapped with 8 homes sold at an average sold price of $272,500. The highest sale was 2300 W Kentucky listed for $289,900 & selling $300,000 that’s $10,100 over asking price. 

In December 2015 we had 12 homes sold at an average sold price of $265,000. The highest sale was 877 S Clay listed at $325,000 & selling for $330,000 that’s $5000 over asking price.

Great inventory hitting the market that allows buyers to get in below $275K with equity waiting once personalized updates/improvements are made.

No doubt we are still seeing a strong sellers market. 

Athmar Park is on the radar not just locally but
nationally due to its affordability, diversity, proximity to downtown and quick
access to public transpiration. It’s this basic mix that makes any urban
neighborhood an A+.