Ken Caryl Valley Real Estate
- 7 homes currently for sale in the Ken Caryl Valley
- 9 homes pending sale
- 6 homes sold in the Ken Caryl Valley in November
- 7 homes currently for sale average $931,700 and 50 Days On Market
- 9 homes pending sale average $779,633 and 42 DOM
- 6 homes that sold in the Valley avg $1,110,534 (97% of asking) and 21 DOM
November was a very predictable month for Ken Caryl real estate. Seasonality hasn’t been much of a factor in our real estate market the past few years as the significant lack of inventory has kept us in a strong seller’s market year round. That didn’t change at all this past month. Remember, when I refer to real estate in Ken Caryl, I divide the neighborhood into three distinct markets: The Ken Caryl Valley (west of C470), detached homes in the Ken Caryl Plains (east of C470, often referred to as the “Ranch side”), and condos or townhomes in the Plains. Let’s take a look at November’s numbers for Ken Caryl real estate.
Ken Caryl Plains Real Estate
- 4 homes currently for sale in the Ken Caryl Plains
- 4 homes pending sale
- 2 homes sold in Ken Caryl Plains in November
- 4 homes currently for sale average $523,356 and 51 DOM
- 4 homes pending sale average $504,750 and 10 DOM
- 2 homes that sold in the Plains avg $475,250 (96% of asking) and 4 DOM
Ken Caryl Condos and Town homes for sale
- 1 condo for sale in Ken Caryl
- 9 condos pending sale
- 1 condo sold in Ken Caryl in November
- 1 Condo for sale is $269,000 and has 21 DOM
- 9 condos pending avg $292,467 and 31 DOM
- 1 condo that sold in Ken Caryl was $250,000 (96% of asking) and 40 DOM
Looking at these numbers, nothing jumps out as surprising or indicative of any new trends. Most interesting is that in the Valley, 50% of the sales were above $1M (40% were above $1M last November). Across the board, this November’s sales were almost identical to last November’s.
Overall, the story remains the same. There are very few homes for sale, and the desirability for buyers remains high. Homes whose condition matches their price are selling almost immediately, regardless of price point. Homes that are either priced far too aggressively, or have a condition that doesn’t match their price, are still sitting and waiting.