August Market Stats
As summer winds down, the real estate market in our combined neighborhoods of Mcferrin Park, Cleveland Park, and Highland Heights continues to be hot.
We had a total of 16 homes close with a median list price per foot of $287. This is one fewer sale than last month, but get a load of this…. the median SALES price per foot was $314.
The median days on market was 4 days and the contract to close checked in at 30 days. There are currently ONLY 13 active properties if you are searching for a home in Mcferrin Park, Cleveland Park, and Highland Heights. Our average sales price was up drastically from July (425K) to $476,075. This average sales price number represents a 27% increase in home value over this same month last year. Wow, that means your home may have increased in value by over 25%! What is your home worth? Send me your address and I’d be happy to let you know.
Also, if you know of anyone looking to move to our area – please connect them to me, and if you’d like to discuss anything real estate-related – pleae give me a call!
I have several listings that are not yet on the MLS in our neighborhood. If you are looking to make a move OR if you want the chance to choose your neighbor – call me!
The housing market is changing. If you have been considering selling your home but aren’t sure what it is worth in today’s market, click here and get a free personalized report on the current market value of your home.