This market update contains the current real estate market conditions and statistics for Cherry Hills Village from November 1st, 2013 through November 31st, 2013. The Cherry Hills Village Homes For Sale Market Update is updated monthly.
The highest price home to close in Cherry Hills Village last month was 4999 S Birch St which sold for $1,900,000.
The graph below shows the months of inventory or MOI for Cherry Hills Village Homes For Sale over the last two years. In November of 2011, there was a 22.5 month supply of inventory of homes for sale. For the last several months, the MOI has hovered around 6 months which is a balanced real estate market. Last month MOI went up to 11.6 months. This is due to the typical seasonal real estate slowdown. When MOI is over 6 months, the market is a buyers market, when it’s under 6 months, it’s a sellers market. It is currently a buyers market for Cherry Hills Village Homes For Sale.
The graph below shows the number of real buyers that closed transactions between 11/1/2013 and 11/30/2013 by price range in millions for Cherry Hills Village Homes For Sale. The lower price ranges performed relatively well while the higher price ranges didn’t have any closed transactions last month.
The graph below shows the number of current listings by price range as of the end of November 2013 for Cherry Hills Village Homes For Sale. There are not currently many homes for sale, especially at the lower price ranges, making this an ideal time to sell a home in Cherry Hills Village. Call 303.550.8563 today to schedule a showing today if you would like to see one of these beautiful homes in person.
The graph below shows the average days on market for homes that sold in Cherry Village by price range for November 2013. If you have been thinking about selling your Cherry Hills Village home, contact Metro Denver Luxury Homes today for a free Comparative Market Analysis (CMA) report. I specialize in selling luxury homes in Cherry Hills Village.
The graph below shows the closed sales price as a percentage of list price for Cherry Hills Village Homes For Sale by price range in November 2013. The averages are over 90 percent for all price ranges.
Call 303.550.8563 today or contact a Cherry Hills Village REALTOR® to get started on your Cherry Hills Village Homes For Sale search or to sell a Cherry Hills Village luxury home. We are here to help. We have the experience and the expertise to professionally assist buyers and sellers of Cherry Hills Village luxury homes.