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The month of October 2011 brought only 3 home sales in the community of Agritopia. However, there are currently 9 houses in the community that are under contract and 2 houses are currently active.
The average sales price in Agritopia for the month of October was $193,667
The highest sales price in Agritopia for the month of October was $330,000
The average square footage of a sold home in Agritopia during the month of October was 2,335
The average price per square foot in Agritopia for the month of October was $80.30
All three of the sales in October were distressed properties, one sale was a bank owned foreclosure, while the other two were successful short sales. Also, of the 9 pending homes in Agritopia 7 of them are short sales. These numbers fall in line with the overall trend of home sales in the south east valley for the month of October.
Of the two homes currently on the market one is a traditional sale, while the other is a short sale.
The average days on market for sold homes in Agritopia during the month of October was 74.
While there is still activity in the community of Agritopia, properties that are being put on the market are overwhelmingly distressed homes. Agritopia is a highly sought after community and many homeowners seem to be waiting for housing prices to bounce back before putting their home on the market. Traditional sales that are priced correctly are moving very quickly in the community. The reason the active days on market is 74 is because of the long bank approval process for short sales.
If you are interested in purchasing a home in Agritopia and you see a traditional sale you will need to act fast to get it under contract.
Zac Coplan November 5th, 2011
Posted In: Agritopia