July Cheesman Park Market Review

# of Closed Sales: 12

Average Days on Market for Solds: 26

Median Sales Price: $341000

# of news listings: 6

Months of Inventory Last Month: 2

July was a month that consisted mostly of sales of attached homes as 11 of the 12 properties sold in July were condos/townhomes, which will most likely be a continuing trend for months to come.  Currently they are 30 properties active on the market and only 3 of those are single family homes one of which is listed at $3,495,000 though this particular home has been on the market for over a year!  August and September seem to be poised to be huge sales months for Cheesman Park with 26 properties currently under contract.  

Currently we are still in a very heavy seller’s market that will definitely favor those looking to sell a single family home!  Let me know if you’d like more information on the neighborhood or on real estate in general!