December 2011 sales in Highland remained fairly consistent with sales in December 2010 and with the sales over the last several months. The median and average sales price is up from December 2010, and the average Days on Marlet (DOM) has decreased. As with most of the Denver Metro area, Highland is experiencing very low inventory, especially in the condo/town home market $400K and below. I am begging people to sell their houses, town homes and condos right now so there is something for the buyers out there to purchase! The low inventory plus the continued sales in the neighborhood make single family and condo/town home market are very strong seller's market. The market for new contruction is currently a balanced market with 6 MOI. Many of the properties in this segment are pricier, $400K and higher, which have been taking longer to sell.
Single Family
# of Sales 8
Median Sales Price $307,500
Average Sales Price $349,500
Average PSF $236
Average DOM 51
Average List to Sold 96.5%
MOI 2.2
New Construction
# of Sales 2
Median Sales Price $651,250
Average Sales Price $651,250
Average PSF $238
Average DOM 59
Average List to Sold 92.6%
MOI 6
Condos
# of Sales 3
Median Sales Price $359,000
Average Sales Price $321,300
Average PSF $214
Average DOM 103
Average List to Sold 101.5%
MOI 2
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