Nick Irwin here with the Neighborhood report for August 2022, Summer is winding down, and I am checking in to share the neighborhood real estate stats for our combined neighborhoods of McFerrin Park, Cleveland Park, and Highland Heights.
We saw 18 total properties close out in the multiple listing service last month – representing a slight increase from the 16 closed properties in July.
The median list price per foot was 353/foot, and the median sales price per foot was 346/foot. This means that houses are selling relatively close to the listing price. Our average sales price to list price ratio (at 99.05%) also supports this statement.
The inventory is increasing in our neighborhood – we have 31 properties available for purchase compared to the 21 available last month.
There are currently 35 pending properties in the neighborhood.
Our average sales price for August 2022 was $422,000.
If you are looking to sell – the demand for our neighborhood is still great, but pricing accurately is more important than ever. HIRE A PROFESSIONAL – I’d love for that to be me, so reach out below!
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.