This market update contains the current real estate market conditions and statistics for Cherry Hills Village from October 1st, 2013 through October 31st, 2013. The Cherry Hills Village Homes For Sale Market Update is updated monthly.
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 down to 5.4 months When MOI is over 6 months, the market is a buyer’s market, when it’s under 6 months, it’s a sellers market. It is currently a sellers market for Cherry Hills Village Homes For Sale. Fall of 2013 is a great time to sell a home in Cherry Hills Village.
The graph below shows the number of real buyers that closed transactions between 10/1/2013 and 10/31/2013 by price range for Cherry Hills Village Homes For Sale. The $1,000,000 to $1,500,000 price range performed the best in October 2013 followed closely by $1,500,000 to $2,000,000, $2,000,000 to $2,500,000 and the $2,500,000 to $3,000,000 price ranges.
The graph below shows the number of current listings by price range as of the end of October 2013 for Cherry Hills Village Homes For Sale. There are not currently many homes for sale 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 October 2013. This graph is fairly typical where lower price ranges have shorter days on market than higher price ranges on average. 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 closed sales price as a percentage of list price for Cherry Hills Village Homes For Sale by price range in October 2013. The averages are quite high with all price ranges over 90 percent.
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.