Woodmoor Market Stats
Why do Market Stats for an area matter? Market Stats are a good gauge for Buyers and Sellers to use for comparison. Woodmoor is a subdivision of the TriLakes area so they are a good indicator of the area in general.
Median Sales Price
Median Sales Price is the middle price in all of the sales for the quarter, where half of the sales are of lower value and half are of higher value. Median prices are more helpful for Buyers and Sellers to use rather than average prices for the main reason that median prices are unaffected by a few unusually high or low prices, making them more accurate when trying to gauge the middle of the market.
TriLakes Median Sales Price
Days on Market
Days on Market is a measure of how many days it took a home to sell. This is an important number because it shows how long the average home takes to sell. When we see homes that have a significantly higher number of days on market then the average, we tend to look for red flags. This number only reflects the the Days on Market for homes that have Sold/Closed for the quarter.
TriLakes Days on Market
Sales Price to List Price Ratio
Sales price to list price ratio give an indication of how much home prices dropped before they sold. This can be a misleading statistic because often it references the most recent list price rather than the original list price.
TriLakes Sales Price to List Price Ratio
# Listed vs. # Sold
This chart shows the number of homes listed and sold for the given quarter. In some cases the number sold might outnumber the number of homes listed, but this just indicates a very active sales market.
TriLakes # Listed vs. # Sold
Based on information from the Pikes Peak REALTOR Services Corp. ("RSC"), for the corresponding period. RSC does not guarantee or is in any way responsible for its accuracy. Data maintained by RSC may not reflect all real estate activity in the market.
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