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Verrado Real Estate & Housing Market Update

Verrado home sales have continued to be slow, however inventory continues to retract, with only 62 active Verrado homes for sale, with only 2 short sales and now 4 bank owned homes.  There are currently 25 pending homes in Verrado, with 12 of these being new construction.  Overall, new construction remains brisk, which is a good sign as new construction typically leads the market.  In addition, there have been 47 sold Verrado homes over the last 90 days, with an average closed price of $261,692; which was 99% of the asking price.   Of this 31 were Verrado resales and 16 were new construction.  When looking at only resale Verrado homes, the average price was $251,208 (98% of asking price), with an average size of 2790 sq ft; resulting in an average of $93.32 per sq ft.   The average days on market for this Verrado real estate was 88 days.  If you want to see a quick snapshot of all available homes for sale, and those that have closed, be sure to sign up for our bi-weekly home value report here.  Also, check out our Verrado real estate page at www.VerradoRE.com.

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