As expected, sales activity in the ranch has been slow the past three months. Here is our Gainey Ranch real estate market report for September 2018. Over the past three months there have been just nine sales. Currently, there are 24 active listings ranging in price from $265,000 to $1,825,000.
The average days on market for the active listings is 148 and the average for the closed sales is 120. The average sold price over the past three months was $604,444–while the average list to sale price ratio was .96–on average, sellers negotiated 4% off the price of their home. The average dollars per square foot obtained at sale since June 1, 2018 has been $302–this is well above the average for the 85258 zip code.
This graphs illustrates how the Median Sale Price has changed over the last three months in the 85258 zip versus the rest of the county:
This graph illustrates how the Average Days on Market has changed in the 85258 zip versus the rest of the county:
Although home loan rates continue to rise, we believe sales will increase moving into fall. If you have questions about the Gainey Ranch community or particular property, contact us anytime–we’d be honored to help. We hope that this Gainey Ranch real estate market report has proved helpful–you can view all past blog posts here.
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