After March's amazing upturn in Belle Creek home sales, April is holding steady. While there were only two closed sales in the past 30 days, there are still 5 homes under contract. These under contract homes will further shift the Belle Creek home values when they do close.
As of today, however, the numbers are still looking fairly steady:
- The turnover rate for Belle Creek home sales in 5.1%. This number is steady when compared to March, as well as when compared to April 2011.
- Average Days on Market for all homes is 74. This number represents the number of days from the time a home is actively listed to the time a valid contract is signed by both buyers and sellers. Once a contract has been signed, it is usually 30-45 days until it comes to a closed sale and the home is officially "sold".
- Average Days on Market for homes in Belle Creek under 1500 square feet was 30. Larger homes saw an average of 130 Days on Market. This is largely due to the number of distressed home sales above 1500 square feet, which take longer to officially go "under contract" as the bank must approve all contracts.
- Average Net Sold Price for all homes was $168,461. The average net sold price per square foot was $100. This number has remained steady when compared to March 2012.
People want to live in Belle Creek, but the inventory is still very low. If you have been waiting to make a move, now might be the perfect time. Call me at 720-341-5235 to discuss whether now is a good time for you to make a move.