There are currently 17 active listings, seven pending sales and three “coming soon” listings in Gainey. The active listings have been on the market for an average of 70 days at an average asking price per square foot of $599. Now let’s do a deep dive into our Gainey Ranch 2023 market review.
Over the course of 2023, there were a total of 58 closed sales ranging in price from $485,000 to $4,200,000. The closed sales were on the market for an average of 64 days. Here are some other key MLS stats for closed sales in 2023:
- Average sold price per square foot: $540
- Average sold price: $1,250,743
- Average sold to list price ratio: .95
The average asking price per square foot is not much higher today than it was in January of 2023. The average sold price per square foot is down $50 while the average sold to list price ratio hasn’t changed much over the course of the last year. Considering how high interest rates of have been, 2023 was not too bad a year for real estate sales in Gainey Ranch.
Sales activity should remain strong for the next three to four months with the market being a bit more balanced than we saw in the first half of 2023. Thanks for checking out our Gainey Ranch 2023 market review. If you have questions about selling or buying a home in Gainey Ranch, please reach out anytime–we’d love to help you.
