Ready to Make Your Move?
The real estate market price change map above shows home sale statistics for April 2011 from three adjoining neighborhoods LoHi (labeled Highlands East), Central Highlands, and West Highlands. In this article I will explain what is happening in the Central and West Highlands real estate market. Please also see my article on LoHi.
April 2011 Central Highlands Real Estate Market Statistics
- The average days on market (DOM) was 83 days which is the average time it takes a Central Highlands home to sale.
- There was positive 5.6% year-over-year price change for Central Highlands homes for sale.
- $357,000 is the current average price of Central Highlands homes for sale as of April 2011.
- From April 2010 to April 2011, 91 Homes sold in Central Highlands.
- There are currently 29 active Central Highlands homes for sale as of April 2011.
- There are 3.8 months of inventory available in Central Highlands. A healthy market has 6 months of inventory or less which means that the Central Highlands real estate market is very healthy as of April 2011.
As you can see in the map above, the Central Highlands real estate market has done very well over the past year. It has done better than it’s neighbor, West Highlands and better than it’s neighbor LoHi.
April 2011 West Highlands Real Estate Market Statistics
- The average days on market (DOM) was 92 days which is the average time it takes a West Highlands home to sale.
- There was positive 0.4% year-over-year price change for West Highlands homes for sale.
- $327,000 is the current average price of West Highlands homes for sale as of April 2011.
- From April 2010 to April 2011, 80 Homes sold in West Highlands.
- There are currently 33 active West Highlands homes for sale as of April 2011.
- There are 5 months of inventory available in West Highlands. A healthy market has 6 months of inventory or less which means that the West Highlands real estate market is healthy as of April 2011.
As you can see in the map above, the West Highlands real estate market has been about even over the past year. It has done worse than it’s neighbors, West Highlands and LoHi.
It’s a great time to be a buyer or a seller of Highlands homes for sale because interest rates are still at all-time lows. Highlands offers many dining and night life opportunites that you can walk to.
Contact J. David Lampe, your Highlands REALTOR®, to start looking for your Highlands home for sale today.
J. David Lampe
Highlands REALTOR®
RE/MAX Alliance
303.550.8563
WebSavvyRealEstate.com