The July numbers are in and it was another great month for real estate in our combined neighborhoods of Mcferrin Park, Cleveland Park, and Highland Heights.
As is typical for our market in the summer, there were a bit fewer closings, so we are checking in at 17 closings in the neighborhood total for July 2021.  The median list price per foot was  $290 per foot in July. This represents a 14% increase over this same month last year.
Our median days on market have been holding steady at 2 days for the past three months, which means that homes are selling within 2 days of going on the market. This represents a 1000% decrease over this same time last year where homes were staying on the market for an average of 22 days before going under contract. In short, homes are going under contract QUICKLY and over their asking prices.
Also supporting this statement is the average sales price to list price percentage – at 101.03% We currently have 18 active properties and 55 pending sales. Our average sales price was down slightly this month and checked in at $435,771 (compared to June at $472k).
If you or one of your neighbors is ready to buy or sell, please let me know. Or, if you’re interested in refinancing your house or taking out a home equity line of credit let me know as I have some wonderful contacts for that.
See you next month!
