Power Ranch Market Snapshot Update...

Power Ranch, as of today -- has 56 homes actively on the market for sale. Of those 56 homes: 24 are offered as a short sale & 7 are offered for sale by a bank -- These list prices range from $121,500 to $799,000.

There are 44 homes in the Power Ranch subdivision that are in a pending status -- on the way to becoming a property that has sold! Of those 44 pending homes -- 17 are short sale & 10 are bank owned. Pending list prices are starting at $127,000 and ending at $500,000.

Since March 28th of this year -- Power Ranch has seen 74 homes close escrow successfully! New people, couples and families have been become part of the Power Ranch community. Of those 74 homes -- the average sold price was $208,000, average square footage was - 2,380 with a sold square footage price around - $90 dollars. Most of these homes took around 115 days to close successfully.

Power Ranch is selling approxiamatley 20 to 25 homes a month -- When a home in Power Ranch is priced correctly - the home is going under contract, the evidence of 98% of list price paid gives solid evidence of this fact according to the data... As of today's numbers if there were not any new homes added to the Power Ranch market - it would take about 2 to 3 months to sell the current homes on the Power Ranch market.