Henderson CO: Belle Creek Monthly Market Minute August 2018
August sales increased over July. There were 6 closed sales in August, an increase over July's 4 sales. This is surprising as we often see a slowing in the months of July and August, as would-be home buyers take their final summer vacations and focus on getting the kids back to school.
The turnover rate in Belle Creek is 10.9%. This number represents the percentage of Belle Creek home owners that list - and actually sell - their homes, and takes into account sales over the last 12 months. This number is a an increase over July's 9.3%, and June's 9/8% turnover rates.
Average Days on Market for all Belle Creek detached homes is 32. This number represents the time frame from the day that it is actively listed to the date that the buyer and seller have a signed contract. This number has decreased over July.
Average Days on Market for Cottage Style homes, under 1600 square feet, was 5 Days. Home owners with larger homes – 1900 square feet and up – have been selling in an average of 58 Days on Market. Again, this is a year-over-year comparison.
Average Sold Price for all homes was $343,820. The average sold price per square foot for all homes was $214 (above ground). Cottage style homes sold for an average price of $320,571, while the larger style homes sold for $367,069, on average. The average sold prices had been increasing over the past several months, and August followed the trend!
There were no town home sales in the month of August. There is 1 under contract; there are currently 2 town homes available. Over the past 12 months, townhomes have been selling for an average price of $241,441, after an average of 10 Days on Market.
There are currently 2 detached homes under contract, and 2 actively listed properties, in Belle Creek.