August Brings Shortage of Homes in PebbleCreek

 

August Brings Shortage of Homes in PebbleCreek

 

PebbleCreek Real Estate Market Report August 2017

August Numbers

Only 14 homes sold in PebbleCreek in August compared to 17 last August. That’s a -17.6% decrease. There is also 14 homes pending compared to 18 last August. A -22.2% decrease. The good news is more homes came into the market with 22 new listings. In August there were 58 homes for sale in PebbleCreek which is 3 less than last year at this time. Average days on market in August was 125 days and homes were selling for 95.3% of asking price. Month’s inventory is low at 2.77 months. The shortage of available homes is affecting sales.

The pending graph below shows that 30% of the homes going under contract are priced below $258,000 or below. Another 30% priced at $376,000 to the $435,000 range.

PebbleCreek Real Estate Market Report August 2017
PEBBLECREEK REAL ESTATE MARKET REPORT AUGUST 2017

Current Numbers

Currently 64 homes for sale in PebbleCreek.  The median list price year to date is $343,500 and the median sale price is $328,000.  The average list price per sq ft is $172.   To date, slightly less homes have sold compared to last year at this time.  This year so far 167 homes have sold while last year 170.  The number of homes for sale (active listings) year to date is down -6.8%.  PebbleCreek is a seller’s market.

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