Today I’m delighted to be joined by a special guest. My middle child, Cade, is both nervous and excited to help me share the message of the market with you.
First, the month’s supply in our area for December was less than one. This means that if no new listings hit the market, it would take less than one month for everything to be sold. In other words, we’re still in a strong seller’s market.
The average price in Pharoah’s Ranch was $551,000, and the average price per square foot was $194. Additionally, we saw 11% appreciation from December 2020 to December 2021.
Today’s numbers are for where we live in Fair Oaks Ranch, where the area code is 78015. If you want stats for your specific subdivision, zip code, or area, please let us know.
If you have any other questions for us about the market in your area or real estate in general, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.