Eagle Ridge Market Update

Eagle Ridge Market Update - Eagle Ridge homes for sale.

The inventory is similar to last month here in Eagle Ridge. Buyers are out and we have more visitors to our open house showings. In addition we are seeing multiple offers on listed properties. Our most recent closing last month received one of the highest sale price of any resale home here in Eagle Ridge in the last year. We were able to negotiate top dollar for your seller.

Currently there are

• 16 active listings in inventory ranging in price and size from $525,000 (4 bedroom/3 1/2 bath - 2,222 square feet) to $1,099,000 (5 bedroom/3 1/2 bath - 4,729 square feet). If I compare this to last month I conclude that the listing price on the low end of the market has dropped slightly and it increased from $924,000 to $1,099,000) for the upper end of the market
  
• 16 properties are under contract. Listing price ranges from $539,875 (4 bedroom/2 1/2 bath - 2,417 square feet) to $925,000 (5 bedroom/4+ bathroom - 3,772 square feet).
• 5 properties closed in July and 1 in August. Sold price ranges from $585,100 to $879,000. Three homes sold over asking price and 2 for slightly less. That leaves one property which sold for asking price. Average days on the market this month: 45. Two of these sales were Bank owned properties; two were short sales and two conventional sales.