August 2023 Real Estate Summary
Real estate summary provided Ben Broughton, Real Estate at Copper Mountain
July In Review
July saw a slight uptick in sales with 3 transactions, all in the Village at Copper. A studio & two bedroom in Copper One Lodge, and a two bedroom in Mill Club. In addition, 3 homes went pending over the past month, once again leaving us with very little inventory (Only 9 homes on the market).
As stated last month, June's only sales were two deed restricted homes. Therefore we will compare monthly statistics with May. While the total sales were halved to 3 and the days on market increased by 12, we saw improvement in PPSF and List Price/Sales Price ratio. A drop in average sales price is explained by the studio sale in Copper One, which repressed ⅓ of June's transactions.
As of August 3rd, there are 8 non-deed restricted properties under contract, which is double the number of last month. One continues to be a Lewis Ranch home under construction, six are in the Center Village, and the last one is a single family home in the Masters at Copper Creek.
July By the Numbers
Total Sales: 3
Average PPSF : $1,212
Average Days On Market: 52
Average Sales Price: $952,500
2023 By the Numbers
Total Sales: 26
Average PPSF : $1,028
Average Days On Market: 35
Average Sales Price: $1,160,000
Current Market Conditions
There are currently seven non-deed restricted listings on the market today, the same number as last month. The PPSF decreased $15 to $1,059. The days on market dropped to 40, which is more indicative of current market conditions than last month's 90.
Current Listings
Active Listings: 7 active listings
Average PPSF : $1,059
Average Days On Market: 40 days
Pending Listings: 8 listings
Real estate summary provided Ben Broughton, Real Estate at Copper Mountain
