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Cherry Hills Village Homes For Sale Market Update October 2013

This market update contains the current real estate market conditions and statistics for Cherry Hills Village from September 1st, 2013 through September 30th, 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. However, last month MOI increased to 12.1 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 buyer’s market for Cherry Hills Village Homes For Sale. It is also still a great time to sell a home in Cherry Hills Village, especially as we head into spring of 2014.

Cherry Hills Village Homes For Sale

The graph below shows the number of real buyers that closed transactions between 9/1/2013 and 9/30/2013 by price range for Cherry Hills Village Homes For Sale. The under $1,000,000 and the $3,000,000 to $4,000,000 price ranges performed best in September 2013.

 Cherry Hills Village Homes For Sale

The graph below shows the number of current listings by price range as of the end of September 2013 for Cherry Hills Village Homes For Sale. Due to the seasonal slow down in real estate that happens in the fall, there are not currently many homes for sale. Call 303.550.8563 today to schedule a showing today if you would like to see one of these beautiful homes in person.

 Cherry Hills Village Homes For Sale

The graph below shows the average days on market for homes that sold in Cherry Village by price range for September 2013. The interesting item to not on this graph is how the average days on market went down as the price range went up to $3,000,000. This is not typical. Typically, days on market increases as the price increases. 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.

 Cherry Hills Village Homes For Sale

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 September 2013. The average has gone down compared to the summer 2013 selling season.

 Cherry Hills Village Homes For Sale

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.

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