This market update contains the current real estate market conditions and statistics for Legacy Ridge in Westminster, Colorado from December 1st, 2013 through December 31st, 2013. The market update is for single family detached homes priced over $500,000 in Legacy Ridge. The Legacy Ridge Homes For Sale and Real Estate Market Update is updated monthly.
The highest price home to close in Legacy Ridge last month was 3725 W 110th Ave which sold for $1,059,000.
The graph below shows the months of inventory or MOI for Legacy Ridge Homes For Sale over the last two years. In June of 2012, MOI peaked at a 27 month supply of inventory of homes for sale. MOI has dropped dramatically from this high. In the spring and summer, the MOI averaged around 6 months which is a balanced real estate market. Last month MOI went was only 2 months! 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 a very strong sellers market for Legacy Ridge Homes For Sale. Spring of 2014 is looking like a great time to list your home for sale.
The graph below shows the number of real buyers that closed transactions between 12/1/2013 and 12/31/2013 by price range in thousands for Legacy Ridge Homes For Sale. There were only two closed transactions last month.
The graph below shows the number of current listings by price range as of the end of December 2013 for Legacy Ridge Homes For Sale. There are currently only three homes for sale, making this an ideal time to sell a home in Legacy Ridge. Call 303.550.8563 today if you’d like a free, no obligation Comparative Market Analysis (CMA) report prepared for your home that will give you an idea of the current value.
The graph below shows the average days on market (DOM) for homes that sold in Legacy Ridge by price range for December 2013. The DOM is high in the lower and upper price ranges. If you have been thinking about selling your Legacy Ridge home, contact Metro Denver Luxury Homes today for a free Comparative Market Analysis (CMA) report. I specialize in selling luxury homes in Legacy Ridge.
The graph below shows the closed sales price as a percentage of list price for Legacy Ridge Homes For Sale by price range in December 2013. As would be expected, higher priced homes sold for a lower percentage of list price than lower priced homes.
Call 303.550.8563 today or contact a Legacy Ridge REALTOR® to get started on your Legacy Ridge Homes For Sale search or to sell a Legacy Ridge luxury home. We are here to help. We have the experience and the expertise to professionally assist buyers and sellers of Legacy Ridge luxury homes.