October Sales update for McCormick Ranch

The steady gains have continued!

As the third quarter of 2017 came to a close, McCormick Ranch home sales have not slowed one bit. Even throughout the summer, demand and sales continued in full strength.

Year over year, the average price of single family homes here are now up 6.96%. Price per square foot is up a smaller 4.54% but this is still a healthy gain. On top of that, the number of single family homes sales were up 25% for the third quarter compared to 2016. So, it is still full steam ahead!

Condos have also continued their run up and have hit new highs. The average price of a condo is up 5.82% and the average price per square foot is up a whopping 9.13%. This tells me that there are lots of smaller units selling now and that they are going for a premium.

Townhomes and patio homes have evened out over the last few months. They still haven't seen many recent gains but the prices have stabilized. As we get into the winter, I'd expect a bit more demand for them.

Looking forward, I'm not seeing any slow down of our home sales. There were 45 sales in total in September. On October 1st, there were only 97 homes active and available for sale in McCormick Ranch. That leaves just a scant 2.15 months of inventory which is still a full sellers market. I'd expect us to all see further gains on our homes in the upcoming winter season.

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