Ready to Make Your Move?
The real estate market price change map above shows home sale statistics for October 2010 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.
October 2010 Central Highlands Real Estate Market Statistics
- The average days on market (DOM) was 67 days which is the average time it takes a Central Highlands home to sale.
- There was negative 1.1% price change since 2009 for Central Highlands homes for sale.
- $349,000 is the current average price of Central Highlands homes for sale as of October 2010.
- From October 2009 to October 2010, 98 Homes sold in Central Highlands.
- There are currently 49 active Central Highlands homes for sale as of October 2010.
- There are 6 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 relatively healthy as of October 2010.
As you can see in the map above, the Central Highlands real estate market has been about even over the past year. It has done better than it’s neighbor, West Highlands and worse than it’s neighbor LoHi.
October 2010 West Highlands Real Estate Market Statistics
- The average days on market (DOM) was 65 days which is the average time it takes a West Highlands home to sale.
- There was negative 8.7% price change since 2009 for West Highlands homes for sale.
- $316,000 is the current average price of West Highlands homes for sale as of October 2010.
- From October 2009 to October 2010, 82 Homes sold in West Highlands.
- There are currently 50 active West Highlands homes for sale as of October 2010.
- There are 7.3 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 relatively unhealthy as of October 2010.
As you can see in the map above, the West Highlands real estate market has been about down 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. Interest rates are at all-time lows and Highlands is an up-and-coming area. 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