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 are 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. The average days on the market in August was 125 days, and homes were selling for 95.3% of the asking price. The 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.
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 fewer 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 by -6.8%. PebbleCreek is a seller’s market.
