Ken Caryl real estate remained in a fairly stable holding pattern as we put November in review. When I review Ken Caryl real estate, I divide it into three main categories: Ken Caryl Valley (located west of C470), Ken Caryl Plains (located east of C470), and condos/townhouses (located in the Ken Caryl Plains). These three locations have dramatically different real estate markets all within the same neighborhood, so this will give you a better overall idea of what is happening.
Ken Caryl Valley Homes:
- 15 Active Homes for Sale (51 days on market avg)
- 7 homes under contract (131 days on market)
- 6 sales in November (53 DOM)
Ken Caryl Valley Prices:
- $763,100 average asking price (15 homes for sale)
- $743,371 average asking price (7 homes under contract)
- $703,833 average sales price in November
Of the homes that are either pending sale or sold in November, 77% experienced price drops or sold for less than asking price. Less than half of the homes for sale in the Ken Caryl Valley currently have dropped their price.
Ken Caryl Plains Homes:
- 7 homes currently for sale (68 days on market)
- 4 homes under contract (11 days on market)
- 4 homes sold in November (31 days on market)
Ken Caryl Plains Prices:
- $433,750 average asking price (7 homes for sale)
- $344,100 average asking price (4 homes under contract)
- $370,200 average sales price in November
Of the 4 homes pending sale in the Ken Caryl Plains, 3 were on the market fewer than 5 days.
Ken Caryl Condos:
- 1 condo currently for sale (9 days on the market)
- 7 under contract (47 days on market)
- 6 condos sold in November (13 days on market)
Ken Caryl condo prices:
- $149,000 average asking price (1 currently listed)
- $218,243 average asking price (7 under contract)
- $267,200 average sales price in November
Of the 7 condos pending sale, 4 were on the market less than one week. 3 of the 6 condos that sold in Ken Caryl sold at or above asking price.
As we look over the past two years, there’s nothing about this month’s market that really stands out. Age old, common sense adages still hold true: the homes that are priced right are selling very quickly. In situations where the sellers are leaning on false information about their home’s value, they are languishing on the market and selling for much less than they most likely would have received had they priced right to begin with.