Hillside Terrace Amarillo March 2015 Real Estate Statistics


Hillside Terrace Amarillo March 2015 Real Estate Statistics


Market Update for March 2015

March was very interesting in Hillside Terrace
 
As of today there are 20 active listings ranging in price from $159,900 to $256,500. The average DOM is 50 with an average list price of $105.26 a square ft. Twelve are new construction and 8 are resales.
 
Look at this. There are 22 pending–more pendings than actives. They range in price from $149,000 to $215,000. Average days on the market are 83 and average pend price per sq ft. is $105.43. Ten of those are new construction and 12 are resales.
 
Is our market shifting?
 
 
 
In March there were 12 closed ranging in price from $149,500 to $213,000. Average DOM 132. Average sq ft sold is $102.85.
 
Of these 7 were resales with an average DOM of 118 and sold at $104.43 a square ft.
 
Watch this—5 were new construction. Average DOM 153 the the AVERAGE SOLD SQ FT was $100.63. One of those was a garden home and it sold for $103 sq ft.
 
Can builders afford to continue to build if they can’t get more than $100 a square ft? Will that drive resale prices up? Thinking about selling? Might be a good time to look into it.  Complete the form above.
 

 

 

 

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