Happy February all! Our 70 degree temps being contrasted to what most of the country is experiencing makes it feel all the happier doesn’t it?
The Terravita real estate market enjoyed a more normal sales month by having 6 contracts accepted. This is a decent January number but like our temperatures, it feels much better when contrasted to December only having one home go under contract.
More interesting this month is the average price per foot. The Terravita average came out to $241 per foot this month which is slightly below our annual average. Nothing interesting there right? But a closer look reveals that the average was the result of only 2 closings: One for $200 per foot and the other for just over $300 per foot! If you look still closer you would see that the home that sold for $200 per foot was arguably better updated and had better views than the one that sold for $300 per foot. And to a real estate numbers geek like me… now That is interesting.
Finally, thank you for all your kind emails about the twins and their 10 year challenge photos that we sent earlier.. Your kindness reminded me of the response to what was easily the most popular postcard we ever created where we included the twins. Maybe we should send it again!
Here are the January 2019 Terravita Real Estate Market Statistics*:
*Please note this report is created as of the first of the month and is prone to changes.
**The term “Contracts Accepted” means that there was a new contracted accepted on this home this month. This is to say that this listing has moved from an “Active” status in the MLS to a “Sold” status and begun the escrow process and is heading toward “closing”.
*All information is provided by the Arizona Regional MLS and is deemed reliable, but not guaranteed.
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