Notice the reflection of the clouds in this custom home perched high on the hill in Pradera Golf Club.
Average Sale Price Down 12.83% in Pradera from it’s high in 2008. See data below.
Over the past 12 months I have witnessed a new found demand for high end luxury homes in Douglas County including the custom home communities of Pradera and The Timbers. We all noticed the demand slow down for about a 12 month period in late 2008 and early 2009 simply because banks would not lend money to high-end luxury home buyers.
Well the lenders are back and so is the pent up demand from custom home buyers. Currently a majority of the home sellers and buyers I’m working with are in what I consider to be the high-end market. Steve’s definition of high-end = anyone buying or selling above $750,000.
Here are the numbers for Home Sales in Pradera that have a sold closing price ABOVE $750,000 since 2007.
Total Sales by Year: (2008 was hot then the breaks were applied by the banks.)
2007 = 12
2008 = 19
2009 = 11
2010 = 9
Average Total Days on Market: (Like I said 2008 was HOT for custom home buyers)
2007 = 225
2009 = 216
Average NET Sold Price: (12.83% decrease in Value from high to low year.)
2007 = $1,085,417
2008 = $1,104,927
2009 = $975,631
2010 = $963,200
Remember I am only showing stats from homes that sold and closed at or above the $750,000 price point in Pradera Golf Club.
Total Volume of NET Sales By Year in Pradera Golf Club:
2007 = $13,025,000
2008 = $20,993,608
2009 = $10,731,943
2010 = $8,668,800
Average NET $ or Price per sqft Sold: (This is the sqft on the main level and upper level. It does not include the basement.)
2007 = $286
2008 = $314
2009 = $253
2010 = $276
Average Price per sqft Finished. (All finished sqft included.)
2007 = $224
2008 = $207
2009 = $172
2010 = $162