November 2016

# of Closed Sales: 7

Average Days on Market for Solds:7

Median Sales Price300000

# of news listings11

Months of Inventory Last Month2

Currently there are 11 properties active in Cheesman Park 10 condos and 1 single family home ranging in price from $238,000 to $3,775,000, only the $3.775million house has more than 2 bedrooms and 2 bathrooms(6bd/7ba 7023 square feet).  In November we saw 7 sales and these were 5 condos and 2 townhomes, so there was not much sold activity and little new single family home inventory added to the market.  The latter portion is not a huge surprise given the time of year and Cheesman Park being a family oriented neighborhood when discussing single family homes.  So I do see that once the weather warms up and the holidays are over we will see more single family homes hit the market along with an increase in overall inventory as leases expire and homes that expired/withdrawn from the market will be reintroduced to the market.  However I do not see this trending to a buyer’s or a balanced market, given the trend over the last year and a half.