Shadow Hills Market at a Glance
The real estate market is ever-changing, and Shadow Hills is no exception. Understanding market trends can help both buyers and sellers make informed decisions. In this blog post, we’re delving into the market stats for two 30-day periods: September 22 and August 22. Let’s dissect the numbers and see what they reveal about this unique community.
Current Stats as of September 22
- Homes for Sale: 11
Slight decrease, indicating lower supply. - Median List Price: $1,299,000
A downward shift suggests more affordability. - Average Price Per Square Foot: $650
The increase shows high demand for limited space. - Closed Sales: 5
More activity indicates a more dynamic market. - Median Sale Price: $950,000
Lower than list price, indicative of negotiation room. - Average Market Time: 19 days
Faster sales suggest a sellers’ market.
Stats as of August 22
- Homes for Sale: 14
Higher supply could mean more choices for buyers. - Median List Price: $1,599,000
Higher list price points to a pricier market. - Average Price Per Square Foot: $570
Lower rate may indicate more bang for your buck. - Closed Sales: 2
Less activity may mean a slower market pace. - Median Sale Price: $1,144,500
Higher sold price compared to the current month. - Average Market Time: 23 days
Slightly slower sales, possibly leaning towards a buyers’ market.
Evaluating the Changes
Between the two 30-day periods, we’ve seen some noteworthy shifts. Homes on the market have decreased from 14 to 11, perhaps indicating increased buyer activity or less supply. The median list price has also dropped, making the area more accessible for potential homeowners. Interestingly, while the list price has lowered, the average price per square foot has risen, indicating higher demand for available homes. The market has also quickened its pace, with homes selling faster in September compared to August.
About Shadow Hills
Shadow Hills exudes a unique blend of country charm and city convenience. It’s a large equestrian neighborhood where residents enjoy horseback rides along the many trails. Don’t be surprised to hear a horse’s neigh instead of a car’s honk! Yet, you’re just a short drive away from all the amenities and bustle of the city. Shadow Hills truly offers the best of both worlds.