Real Estate Market Report for the Scarborough Subdivision in Olathe, KS
Is it a buyer's, seller's or neutral real estate market?
September 2016 is a Seller's market in the Scarborough Subdivision*
Home For Sale in September 2016: 5 units.
| • | Down 28.6% compared to the last month |
| • | Down 28.6% compared to the last year |
Home Listed in September 2016: 3 units.
| • | Down 25% compared to the last month |
| • | Up 50% compared to the last year |
Home Closed in September 2016: 3 units.
| • | Down 50% compared to the last month |
| • | 0% compared to the last year |
Home Placed under Contract in September 2016: 1 units.
| • | Down 66.7% compared to the last month |
| • | Up N/A compared to the last year |
*Buyer's market: more than 6 months of inventory based on closed sales
Seller's market: less than 3 months of inventory based on closed sales
Neutral market: 3 - 6 months of inventory based on closed sales
September 2016 Average Sold Price per Square Footage is Neutral in the Scarborough Subdivision*
Average Sold Price per Square Footage in September 2016:$94
| • | Down 16.8% compared to the last month |
| • | Up 6.8% compared to the last year |
*Based on 6 month trend - Appreciating/Depreciating/Neutral
September 2016 Average Days on Market trend is Rising in the Scarborough Subdivision*
Average Days on Market in September 2016: 17
| • | Up 6.3% compared to the last month |
| • | Down 63.8% compared to the last year |
*Based on 6 month trend - Rising/Falling/Remains Steady
September 2016 is a Seller's market in the Scarborough Subdivision*
Months of Inventory based on Closed Sales in September 2016: 1.7
| • | Up 42.9% compared to the last month |
| • | Down 25.7% compared to the last year |
*Buyer's market: more than 6 months of inventory based on closed sales
Seller's market: less than 3 months of inventory based on closed sales
Neutral market: 3 - 6 months of inventory based on closed sales
No comments:
Post a Comment
Thanks for commenting!