While there is only one sale to report for the month of May there has been a recent flurry of activity in the neighborhood. Last month saw 6963 Apprentice Pl receive an offer and close shortly thereafter with a selling price of $370,000. There was also an accepted offer at 6912 Ramsey Rd and a new listing at 6756 Ramsey Rd that had an accepted offer within 5 days and is now pending. 3314 Glacier Ridge Rd is also still a pending sale. Lastly, 6916 Frank Lloyd Wright Ave was withdrawn, leaving 4 single family homes for sale (this excludes 6912 Ramsey Rd).
Looking at the stats for this month’s sale; 6963 Apprentice Pl was last listed for $375,000 and received $370,000, 99% of the last asking price. There were 82 days between the last price change and the accepted offer. However, it was on the market for a cumulative 332 days and went through several price reductions. Initially it was put on the market for $429,900, which means it got only 86% of the first price.
The one sale in May was down from 2 last year and so far there have been 8 sales which is on pace with last year’s 9. Will the recent pickup in activity carry into June? It should be interesting to see what happens with the properties that have been on the market longer as we continue into the summer.
Current Listings
Address | Price | First Price | CDOM | Price/Fin Sq Ft. |
6960 Apprentice Pl | $364,900 | $380,000 | 313 | $170.67 |
6920 Frank Lloyd Wright | $400,000 | $400,000 | 6 | $150.21 |
3728 Pheasant Branch | $542,000 | $699,000 | 487 | $152.76 |
3722 Pheasant Branch | $629,900 | $735,000 | 480 | $146.76 |
6912 Ramsey Rd* | $750,000 | $750,000 | 108 | $177.01 |
AVG | AVG | AVG | AVG | |
$537,360 | $592,800 | 279 | $159 | |
*has an accepted offer |
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