Centennial - Willow Creek January to March 2008 single family home sales report

11 residential closings up 57% over 2007. Absorption Rate is good at 5.72 months, and the best news is the increase in $/SqFt by 9%
This list has all subdivisions in the Willow Creek including Willow Creek, Willow Creek II, Willow Creek III, Townhouses and Cluster homes.





Jan - March 2007
Jan - March 2008
% Change

# of sales closed
7
11
57%

# of sales Closed - YTD
7
11
57%

Avg Days on Market
182
98
-53%

# of Active Listings
-
21
-

Absorption Rate (months)
-
5.72
-

Average $ per SqFt
155
169
9%
Average Price (Sold)
374,365
331,091
-11%



Click here for active homes for sale in Willow Creek
Absorption Rate Definition - the rate at which a market can absorb additional units of supply without causing market saturation and severe price distortions. For example, during a recessionary period, many homeowners may list their house for sale. Since the supply of homes entering the home resale market increased without a corresponding increase in demand, the market absorption rate has been exceeded, and the market price of the resale homes declines. A simple definition is the number of months it takes to sell the current inventory at the present rate of sales.
Disclaimer - the information and commentary provided in this blog are opinions of Homes And People and should be used for informational purposes only.
All sales data is from the MLS and the information is deemed reliable but not guaranteed.
© Copyright 2008 Homes And People

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