The weather is warming up, and so is the Spring real estate market! The numbers are in for the month of March for our combined neighborhoods of McFerrin Park, Cleveland Park, and Highland Heights.
In March, we saw a total of 9 properties close, representing an 89% decrease compared to the number of homes closed last month. However, we had an average sales price of $635,772, which represents a RECORD high average sales price for the neighborhoods.
Our average sales price to list price ratio is down slightly to 100.05% (houses are still selling at or slightly above the asking price) with a short 14 days median contract to close.
The median list price per square foot and median sales price per square foot is 342 per foot. As of today, there are currently 28 properties under contract and waiting to close, but only 5 available homes for sale in our neighborhoods.
See you all next month!
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.