|Active Listings (Mar)||73|
|Pending Listings (Mar)||21|
|Sold Listings (Feb)||28|
|Average DOM (Feb)||97|
|Months of Inventory (Feb)||4.17|
|Sold to List Ratio (Feb)||97.4%|
Pebble Creek Market Report March 2018. The number of homes sold in Pebble Creek took off in February with 28 homes sold. Last year in February, only 10 homes sold. That’s a huge 180% increase. Not so big, but still noteworthy, pending sales increased 30%. 26 homes pending versus 20 last year in February. Pebble Creek homes sold for 97.4% of asking price and month’s inventory sat at 4.17 months. The average days on market was 97 days. In March there are currently 73 homes for sale in Pebble Creek and 21 pending.
Pebble Creek home values are down 4.66% over the past 12 months with a median sale price of $348,000 versus $365,000 last year. Be sure to look at the big picture here. Perhaps higher priced homes sold last year or there are lower priced homes selling over this time period. Average days on market were 84 days with month’s inventory at 4.11 months. That a 7.64% drop over the past 12 months. Year to date, 49 homes have sold compared to 29 last year at this time.
Take Away: Homes are selling, home values are slightly down, pending homes are up. Pebble Creek is in a Seller’s Market.
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