It was a slow October for home sales in Westvale. Just three homes sold bringing the total for the year to 73. Average sale prices continued to rise. The average price so far this year has been $585,000. Strong demand has resulted in homes selling, on average, for more than list price (103%) and after just two weeks on the market.
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Westvale |
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Monthly Market Update |
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October |
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2019 |
2018 |
2017 |
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Homes Sold |
3 |
13 |
5 |
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Average List Price |
$616,000 |
$586,000 |
$530,000 |
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Average Selling Price |
$600,000 |
$546,000 |
$529,000 |
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% of List |
97.4% |
93.2% |
99.8% |
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Days on Market |
17 |
21 |
18 |
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Year to Date (Jan 1-Oct 31) |
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2019 |
2018 |
2017 |
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Homes Sold |
73 |
76 |
90 |
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Average List Price |
$568,000 |
$541,000 |
$494,000 |
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Average Selling Price |
$585,000 |
$546,000 |
$538,000 |
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% of List |
103.0% |
100.9% |
108.9% |
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Days on Market |
14 |
18 |
12 |
The lack of sales in October was not the result of a lack of demand, it was entirely due to a lack of inventory. At the moment there are no single detached homes available for sale in Westvale. If you are thinking about selling having no competition at all means there is probably no better time to do so.