Infographic: January 2015 Market Update for Westwoods

January 20, 2015
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2015 1. Jan - Westwoods Infographic

The active price range is $550,000 and under. Any home/town home under $400,000 will go fast. In December homes are closing at 96% of listing price with an average selling price of $453,873. 

There were four new listings in December all but one is currently under contract.
7085 Moss Ct., #2846322, $525,000, 5 bedrooms, 4 baths, $137 per square foot (total) – Active
7340 Poppy Way, #3415946, $580,000, 4 bedrooms, 4 baths, $138 per square foot (total) – Pending, went under contract in 12 days
15974 W. 71st Pl, #5697833, $540,000, 6 bedrooms, 5 baths, $113 per square foot (total), -Pending, went under contract in 23 days.
6221 Quartz Loop, #4828280, $397,500, 3 bedroom, 3 baths, $140 per square foot (total), Pending, went under contract in 18 days.

There is currently an attached home in Sunrise Ridge. This home is a ranch-style, patio home. The other homes in Sunrise Ridge and Westwoods are priced between $434,000 – $1,200,000 with an average price per square foot of $143 (total square feet). If you remove the highest and lowest price per square foot the average price per square foot goes to $138.91. This is more in line with the last three months sold average of $126.

December is known to be one of the slower month but the Westwoods/Sunrise Ridge area had good activity and I see it getting busier with the new year. There is currently about 2 – 2.5 months of inventory on the market. I see this rate of supply staying steady even with more activity in the coming months.

MLS Number Address Price Total Baths Total Bedrooms SqFt Above
7849403 16788 W  65th  Circle $550,000 5 5 3171
1836951 16660 W 60th Drive $525,000 4 4 3257
I748024 16660 W 60th Drive $525,000 4 4 3257
4835529 6502  Orion Lane $524,900 5 5 3657
4782753 6482  Quartz Circle $497,000 4 4 2344
8364433 6665  Terry Court $488,000 3 3 2961
1791193 6589  Poppy Street $444,000 4 4 3681
6090863 16533 W 61st Place $429,900 4 4 2146
4017853 6989  Poppy Court $410,000 4 4 2100
1887641 16129 W 70th Place $379,900 4 4 1901
6497322 6214  Secrest Street $296,500 3 2 1677