Redmond Ridge Real Estate News & Market Update
As of June 5th, 2012, there are currently 30 residential homes for sale, at an average price of $537,136. We have seen a decrease in housing inventory, but a slight uptick home prices since the last report, but home buyer activity seems to be strong. In addition, there are 2 short sale homes at an average price of $380,000, with 0 Bank owned homes listed. Lastly, there have been 5 new homes that have came on the market in Redmond Ridge in the last 7 days, and 29 sold homes in the last three months.
The latest housing numbers for Redmond Ridge are showing some positive signals towards price stabilization, however there is definitely a swing towards a lack of housing inventory avaialable to satisfy the number of home buyers currently looking for new homes. With rates at or near historic lows, it is a great opportunity for any home buyer looking to purchase a home in Redmond Ridge. Any home seller wanting to sell in today's market needs to price correctly, even though the market is heating up as houses still need to appraise. Home sellers need to remember they are in beauty contest and a price war at the same time, and the house that shows the best and is priced right will sell relatively fast.
If you would like more information on Redmond Ridge homes for sale, or would like to speak with one of our local Redmond Ridge real estate agents, please contact Us or visit www.HomesinRedmondRidge.com
Redmond Ridge Real Estate - Q&A
Q. How Many Homes are for Sale on The Ridge? A. 30 Homes
Q. How Many Homes are Short Sales/Bank Owned? A. 2 Homes
Q. What is the Average Days on Market for sales in the past 60 days? A. 89 Days
Q. What is the Average Sales Price on The Ridge for the past 60 days? A. $484,700
Some Additional Redmond Ridge Stats:
- 30 day Activity: 7 New Lisings, 11 pending, 10 Sold
- Past 6 months avg list $515,557 vs avg selling price $505,686
- Avg price per sq. ft. for single family & condos past 6 months: $196.38
- Number of homes sold in past 6 months: 61
- Number of new construction homes listed: 15 of 30 = 50%