Belle Creek Homes for Sale – Sold Prices in Belle Creek by Jennifer Prestwich

Sold prices for Belle Creek homes are increasing.

It has been a few years since Belle Creek residents have seen a marked increase in home prices.  The time frame between October 1, 2010 and December 1, 2010 saw 5 closed home sales, which was the same number of homes sold in Belle Creek from October 1, 2011 to December 1, 2011.

The major difference, however, is in the price and days on market.

In 2010, the average number of days on market was a depressing 199 for the 5 closed home sales.  This is in part due to the state of the larger housing economy.  Distressed homes accounted for fully 100% – yes, all 5 – of the home sales in Belle Creek for this period last year.  The average sold price came in at $168,940, or $97 per square foot.

In 2011, only 1 in 5 of the homes sold was in a distressed situation. Despite this, the average days on market for all 5 of the homes was a respectable 60 days.  Do the math: last year, homes took nearly 7 months to sell, this year, they are closing in 2 months.

Even more encouraging, the average sold price came in at $184,040 for 2011, or $111 per square foot. This is especially good considering that only one of the closed sales among this data was a newly built home.

When the Oakwood homes data is removed from the equation, the days on market drops to 22 days!  Average sold price for the existing homes was $172,800, or $108 per square foot. All of the cottage style homes sold were “regular” sales.

The bottom line is: people want to live in Belle Creek! As of today, there are only 3 available homes ready for move in.

Have you been waiting to sell your Belle Creek home?  Now might be a perfect time to do so.  Call Jennifer Prestwich at 720-341-5235 for a customized market report!

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