Blue Heron July 2016 Real Estate Update

blue heron real estateThree more properties closed this month, at or near asking price.  2531 Columbine sold for full list price of $775,000, 1779 Poppy sold for $5,000 over the $849,000 list price and 2421 Ginny Way recovered 96% of its $899,000 asking price. Two more homes have been on the market for over a month and are now under contract and two more active listings remain that are priced over $1,000,000.  These 3 homes average $159.3/square foot, which is better than 2015’s average of $149.

Overall, July proved to be a slightly “softer” real estate month with a reduction in showings, slightly longer days on market and not as competitive sales market as we had seen this Spring.  The theory is that many buyers are on vacation and will soon be “getting back to business” with school starting in the Fall.  Normally one of the busiest quarters, Lafayette saw only 64 residential homes close in 2016 Q2, which is down 29% from 2015 Q2.

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July 2016 HOMES SOLD 

Single Family Homes

TypePriceSqFtAddress$ per SqFt% SALES to LISTDays On MarketDays Till ContractBeds BathCommunity
RES$775,00042462531 Columbine Cir$183100%15155/4Blue Heron
RES$855,00066511779 Poppy Ct$129101%5555/5Blue Heron Estates
RES$865,00052052421 Ginny Way$16696%74215/5Blue Heron Estates
AVERAGE$831,667  $15999%4814

Now Under Contract 

TypePriceSqFtAddressBeds/ BathCommunity
RES$795,00050372595 Ginny Way5/4Blue Heron
RES$875,00054262412 Ginny Way5/5Blue Heron Estates

Now Active

TypePriceSqFtAddressBeds/ BathCommunity
RES$997,50050742535 Blue Heron Cir W6/6Blue Heron Estates
RES$1,145,00055641767 Casey Ct5/5Blue Heron Estates

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