Ken Caryl real estate saw a little tick up in activity in February, and yet we are still defined by a lack of homes for sale. Home sales in the Ken Caryl Valley are rounding out a bit more normal, while we saw more homes sell than we had homes for sale in the Ken Caryl Plains. When I talk about Ken Caryl real estate, I divide the neighborhood into three distinct markets: The Ken Caryl Valley (west of C470), the Ken Caryl Plains (homes east of C470, often referred to as the “Ranch side”), and attached homes (town homes and condos) in the Plains.
Ken Caryl Valley Real Estate
- 12 homes currently for sale in the Ken Caryl Valley
- 5 homes are currently pending sale
- 2 homes sold in the Ken Caryl Valley in February
- 12 homes for sale average $910,825 and have been on the market 48 days on average
- 5 homes pending sale avg $714,580 and have been on the market 84 days
- 2 homes that sold averaged $777,000 (96% of asking) and were on the market 127 days
Ken Caryl Plains Real Estate
- 2 homes currently for sale in the Ken Caryl Plains
- 5 homes pending sale
- 5 homes sold in the Ken Caryl Plains in February
- 2 homes for sale average $529,450 and have been on the market 51 days on average
- 5 homes pending sale avg $475,790 and were on the market for 4 days
- 5 homes that sold averaged $453,534 (96% of asking) and were on the market 42 days
Ken Caryl Condos and Town Homes
- 0 attached homes for sale in Ken Caryl
- 6 condos pending sale
- 8 condos sold in Ken Caryl in February
- 6 condos pending sale average $295,642 and were on the market 6 days
- 8 condos that sold averaged $254,425 and were on the market 6 days
There is very little in these numbers that jumps out as a big surprise. The fact that there are so few homes for sale in the Plains is a bit of a concern. While neighborhood stability is great, ultimately there needs to be some movement or neighborhoods can struggle (schools lose attendance, maintenance tends to decline, etc). Homes that do come for sale in Ken Caryl are selling so quickly that the active homes may not be a great indicator of movement, however. There are a healthy number under contract, and that is a more telling number.
Prices year over year are down in the Plains, and that is far more a factor of the size of homes than it is actual sales price. Home prices in the Ken Caryl Valley are up 19% over last February, and again with only 2 homes sold each of the past two February’s it is not a super relevant number. Of the 5 homes pending in the Plains, one was on the market for 9 days, the other 4 all lasted less than 3 days. That, as much as anything this month, is indicative of what the Ken Caryl real estate market is feeling.
If you would like to know what your home is worth, you can visit my online home valuation tool or call me for a more accurate valuation. If you would like to learn how much equity is in your home, and how you can use that equity to purchase an income producing property or a ski condo, I’m happy to chat about that as well!