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The Lockwood Report: Daily Montavilla Neighborhood Housing Market Update for May 23rd, 2018As of Wednesday, May 23rd, 2018, in Montavilla Neighborhood there are a total of 73 active residential homes for sale, 54 pending listings and 46 properties sold in the most recent 30 day period. The average list price for all active residential listings in Montavilla Neighborhood is $506,892, while the average asking price for properties new on market in the last 30 days is $498,499. Residential homes for sale in Montavilla Neighborhood sold at an average price of $440,586 while newly listed properties came in higher on average, at $498,499.
New listings in Montavilla Neighborhood are outpacing sold properties. For the most recent 30 day period, 46 properties sold and 71 came on the market. In summary, new listings outpaced sales by 25. As a point of reference, in the month prior, there were 48 sold Montavilla Neighborhood residential listings while 53 homes for sale became available on the market. Keep an eye on the number of pending listings (currently 54) because an increase in pending sales may offset an increase in new listing inventory.
*A zero result on the above Montavilla Neighborhood graph means that no properties sold in the respective price range during the month indicated.