Blackhawk CA Home Prices Market Trends Data 2017
This data on the home prices data with information on median sales, number of homes for sale in Blackhawk and housing opportunities in the area can be useful when trying to make a decision on the purchase of high end luxury homes. This housing data can also be used as a projection tool for future inventory and values.
The inventory remains almost unchanged from June to July 2017 with a small drop of 2.3% in available homes for sale in Blackhawk
In June 2016, the number of homes available for sale in Blackhawk CA was 33 and in July 2017, the inventory increased 27.3% to 42 homes for sale
Surprisingly, the number of homes for sale in 2013 was exactly the same as July 2017 ! Unchanged at 42 homes for sale. Here is something more interesting- from August 2016 to July 2017, the number of homes was the same at 42 but there was an increase of 27% from August 2016 to July 2017 !
Compared with the same quarter 3 years ago, the inventory has gone up a substantial 44.8%, increasing from 29 homes for sale to now 42 homes for sale.
The number of sold homes in Blackhawk dropped but the number of pending sales increased. From June to July 2017, the number of sold homes dropped by 35.7%, with 14 homes sold in June 2017 to only 9 homes sold in July 2017.
The number of pending sales increased by 30%, from 10 sales in June 2017 to 13 pending sales in July 2017. The absorption rates of closed sales decreased in 2017. In 2013 the absorption rate of closed sales was 35.7% and in 2017 it was 32.4%.
At the beginning of 2017, the number of months of housing inventory in Blackhawk ( based on closed sales inventory)was 2 months. In July 2017, the same data point increased to 3.2 months.
The Average Sold Price per Square Footage in Blackhawk is Neutral. The Average Sold Price per Square Footage is a great indicator for the direction of property values.
Since Median Sold Price and Average Sold Price can be impacted by the ‘mix’ of high or low end properties in the market, the Average Sold Price per Square Footage is a more normalized indicator on the direction of property values.
The July 2017 Average Sold Price per Square Footage of $472 was up 1.1% from $467 last month and up 4.2% from $453 in July of last year.
The Sold/Original List Price Ratio Remains Steady in Blackhawk.
The Sold Price vs. Original List Price reveals the average amount that sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market.
This month Sold Price vs. Original List Price of 95% is down 3.1% % from last month and down from 2.1% % in July of last year. The Average For Sale Price in July was $2,847,000, up 16.3% from $2,449,000 in July of 2016 and up 10.6% from $2,574,000 last month.