So far 114 homes were sold in Northgate year to date. Average days on market is holding steady at 16 days while sold price per square foot continues to rise. We did see an increase in days on market in Q3 for active properties (many still on the market), but homes that are professionally marketed are moving fast. Professionally marketed means properly priced, prepared and promoted.
Sold Price Per Square Foot
Northgate Area Only
Northgate Homes Sales through Q3 2016 by Listing Quarter
Regarding the sample size for Q3, the number of homes sold in Q3 will increase from 23 to closer to 30, assuming at least half of the 11 currently active properties listed in Q3 sell this year. And when those homes do sell, the days on market for homes listed in Q3 will also reflect an average higher than 16 days for those homes sold to date, which is what we observe today.
Here is the complete list of 114 homes. Please send me your comments or questions!
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