I pulled up an interesting set of statistics from the MLS today. It was a year over year comparison showing the difference of where we are today versus this time last year.
Riverside and Avondale have has substantial increases in the number of homes sold and in Ortega, there has been a decrease.
This year there have been a total of 39 homes sold in Riverside versus 32 last year. This represents a 21% INCREASE from this time last year.
Avondale has had an 11% INCREASE in the number of homes sold. Last year at this time, there had been 81 homes sold and we’ve already had 90 sell so far this year — representing an 11% increase.
Ortega, on the other hand, has had FEWER sales this year than last. Last year there had been 48 sales by this time and so far only 41 have sold representing a 14% decrease in the number of homes sold.
An interesting side note is that the number of listings (properties available for sale) has also increased substantially over the last year. For example, in Riverside, there were only 35 listings this time last year and now there are 75. In Avondale last year, there were 113 properties for sale and this year there are 197! So… with the giant increases in the number of listings for sale, it stands to reason that there have also been more sales as a result!
If you’d like to have more information about the Avondale, Ortega or Riverside neighborhoods, please give us a call — we specialize in this area and would like to help you find a new home here!
Good News! We had an open house today at two of our listings today. One at 1837 Ingleside Avenue and another at 4834 Arapahoe Avenue and they were busy!
Back when the market was strong, attendance at open house was strong too. The market was bustling with activity. Buyers were out looking for a house to buy, sellers were out looking to see what the competition was and realtors were out looking for a house for their customers.
Then, the market stopped. Over the last year at our open houses, we’ve been lucky to have one or two people stop by but they were probably just walking by with their dog — certainly not making a deliberate point to come and see this particular house. The level of traffic we had today (and over the last few weeks as well) indicates that the market is beginning to “buzz” again. We don’t know if it’s pent up demand or the fact that people always have had to (and will continue to need to) move around but there is definately a new energy around our open houses lately.
Several of the people who came by today would be perfect buyers for these houses. One couple has children in a school nearby, others have just relocated here from another state (and they’ve sold their house!), another is in a house that they feel is too small and yet another has just had a baby and is looking for a larger home. So, all in all, there were lots of potential prospects.
So, the message is good. The people are out looking again. We hope that lookers will become buyers and that this could be the beginning of something good. I’ll keep you posted!