The Indian Peaks community has had a total of 26 properties move through the real estate process in August. That is holding steady since June and July. The number was a bit higher in May, which is one of the busiest times in the market so should be expected.

Of those 26 of the properties for sale 11 of them are under contract, constituting over 40% of the market. Then there are 30% that were sold (or 8 units). That leaves just 27% of the market available for purchase, which is consistent since June. May the active number of homes was only 24%, which was the tightest market for inventory throughout the community.

Of the 12 properties sold this month there were two townhouses and the rest were single family properties. This month there has been quite an influx of million dollar properties in the market. There were 6 listings over $985,000. One of these is sold and one under contract. The rest are active on the market for sale at a price of $164-$224 per square foot.

There are 17 other single family homes that have moved through the real estate process, with some sitting on the market for as much as 104 days, or being withdrawn. This is an indication that the price of the home does matter to the buyer who is interested in paying market value or possibly just above. The percentage of list to sale this month is at 101% further indicating that when a home is priced at  market value considering the condition and features of the property, that it sells for full market price or possibly slightly above.