2018 Sales Data

2018 Sales Data

The year isn’t quite over yet, but I have some time now (Dec 4) and will try and update after the first of the new year.  Here’s what has happened in Winston Downs in 2018:

There were 31 Home Sales in 2018.  That’s about a 5.5% annual turnover for the neighborhood – a pretty low rate historically (about 10% might be considered average in most markets). Makes sense based on the low-inventory status of our Denver housing market.

Of those sales in Winston Downs, 81% were Ranches.  The average ranch-style home was 1,923 sq ft, had 4 Bedrooms and 3 Baths with a 2-car garage, on a big 9,800 s.f. lot.

Before receiving an offer on their home, 45% of Sellers had to make a price reduction in 2018.  The good news:  a typical Seller received 98.1% of the final asking price. This probably reflects 1) some resistance to pricing from Buyers, 2) overly-optimistic pricing from some Sellers, and 3) the increasing impact of adverse conditions (e.g., busy streets, deferred maintenance, floor plan, etc.) on value in a slightly cooler market.

After a home was listed for sale in Winston Downs, it took an average of 37 Days to go under contract. That’s still an impressive number, historically.

The average sold price was $623,138.  Wow.

Based on information from REcolorado®, Inc. for the period 1/01/2018 through 12/04/2018. Content maintained by REcolorado® may not reflect all real estate activity in the market.

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