Current real estate market conditions and statistics for Cherry Hills Village from August 1st, 2013 through August 31st, 2013. The Cherry Hills Village Homes For Sale Market Update is updated monthly.
The first graph shown 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. When MOI is over 6 months, the market is a buyer’s market, when it’s under 6 months, it’s a sellers market. Now is a great time to buy or sell a Cherry Hills Village Homes For Sale.
The graph below shows the number of real buyers that closed transactions between 8/1/2013 and 8/31/2013 by price range for Cherry Hills Village Homes For Sale. This month once again saw the most closed transaction in the $1,00,000 to $1,500,000 price range.
The graph below shows the number of current listings by price range as of the end of August2013 for Cherry Hills Village Homes For Sale. There are many great homes available at various prices. Call 303.550.8563 today to schedule a showing today.
The graph below shows the average days on market for homes that sold in Cherry Village by price range for August 2013. The average days on market is low in several price ranges. If a home is priced right, it is not taking much time to sell. If you have been thinking about selling your Cherry Hills Village home, contact Metro Denver Luxury Homes today for a free valuation report. I specialize in selling luxury homes in Cherry Hills Village.
The graph below shows the Months’ Supply of inventory or MOI for Cherry Hills Village Homes For Sale by price range in August 2013. The inventory of Cherry Hills Village Homes For Sale is extremely low. This is a great time to sell a Cherry Hills Village home.
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 July 2013. The average is very close to 100% in all price ranges. This is very good indicator that now is a great time to sell a Cherry Hills Village home.
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.