Todd Creek Homes for Sale – February 2012 Monthly Market Minute by Jennifer Prestwich REALTOR®

The Todd Creek real estate market has been seeing some price increases lately.  This is good news for anyone who has been considering selling and waiting for the market to come back.

There were 39 Todd Creek homes sold over the past 12 months.  This represents an 8.4% turnover rate, a fairly healthy number.  Put another way, there are roughly 6.5 months of inventory.  “Months of Inventory” is defined as the amount of time it would take to sell every single available home in a given area if absolutely nothing were to change (no new inventory coming on the market).  This represents a balanced market.  Less than 5 months of inventory represents a sellers market, while more than 7 months would mean a buyers market.

The average sold price in Todd Creek is $408,416, or $153 per square foot.  We have been seeing this increase over the winter months – traditionally the slowest time of the year for home sales.  It will be interesting to see how much more this increases as we head into the “high season” summer months.

If you have been considering selling your Todd Creek home, now may be the perfect time.  Call me for your customized Comparative Market Analysis: Jennifer Prestwich 720-341-5235

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