Horseshoe Ridge First Quarter Market Update

April 18, 2017
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# of Closed Sales: 7

Average Days on Market for Solds: 68

Median Sales Price: $475000

# of news listings: 1

Months of Inventory Last Month: 1

The housing market in Horseshoe Ridge started the year out a little slower but is rapidly catching up! There were 7 homes that sold in the first quarter of 2017, there are 5 that are currently under contract and there is one active listing. The average sales prices increased over $35,000 from the first quarter of 2016 to this year. The average price/sq ft total increased just over $5/sq ft as well. Below are the numbers of the first quarter compared to the first quarter of this year. 

2016 1st Quarter
Homes Sold- 8
Total Sales Volume- $3,513,149
Average Sales Price- $439,143.63
Average Days on Market- 49
Price/Sq Ft. Total Average- $121.81 
2017 1st Quarter
Homes Sold- 7
Total Sales Volume- $3,325,000
Average Sales Price- $475,000
Average Days on Market- 68
Price/Sq Ft. Total Average- $126.97

For some time now the Horseshoe Ridge market has lagged behind similar homes in Parker in both days on market and price per sq ft. The only things I could attribute this trend to was our lack of amenities and the overall appearance of the community. Recently the HOA has done a ton of work on the appearance of the neighborhood and it is paying dividends for homeowners! There are currently 5 homes that are currently under contract and those homes went under contract in an average of 4 days, and the average price/sq ft total is $143/sq ft which is a huge jump compared to the first quarter. I finally feel like our neighborhood is on an even playing field with the rest of Parker. This is a great trend that will hopefully continue through the spring, summer and into the future.