It’s no real surprise that the average sale price and average price per square foot is up in Pradera for the first half of 2014. The surprise to me at least is that the number of homes sold is down significantly from 2013. In 2013 there were 84 homes sold and closed for the entire year. By June 1st of 2014 there have only been 23 homes that have closed. I believe something major would have to change in order to match the number of homes sold in 2013.
Currently there are 9 homes listed for sale in Pradera with an asking price at or above one million dollars. So far in 2014 there have been 4 homes that have closed with sale prices above $1,000,000.
Last year in 2013 there were 9 closings with home sale prices above the $1,000,000 mark. We all know the million dollar market is a crazy market and the million dollar buyers seem to come and go in waves so I can’t wait to see how the rest of 2014 pans out. We could easily meet or beat the 9 that closed in 2013.
The average Pradera home prices in 2014 is now sitting at $717,445. This is up from 649,112 for all of last year. That is a gain of 10.52% in Pradera home prices.
The average days on market is down from 90 in 2013 to 60 in 2014.
The biggest change in Pradera home prices came in the above ground price per sqft. The average above ground price per sqft is up 11.65% to $216.39 from $193.81.
Pay attention to the large number of price reductions in the Parker real estate market. I’ve noticed that for this time of year price reductions seem to be taking place at a much higher rate than normal. Sure there are bidding wars on properties but most of the homes that are getting bidding wars are the cream of the crop homes with the best of the best locations. They are also the homes that have been upgraded or remodeled.
Pradera homeowners take notice. If you live in one of the Continental homes you better be upgrading your house and making sure you are keeping current on the trends. Outdated homes are sitting on the market in every neighborhood and Pradera is just getting to the age where homeowners need to start making changes. I’ve been showing homes in Pradera over the past few weeks and a few of my buyers have remarked that the homes are starting to show signs of age.
Related articles about Pradera written by Steven Beam