Scroll down to see homes for sale in the Bible Park Neighborhood in Denver Colorado or click here. I have compiled some vital real estate statistics for the Bible Park Neighborhood in Denver for August 2016 just below that will inform on the strength of the home market in the neighborhood.
What was the average home price in the Bible Park Neighborhood as of August 2016?
The average home price was $432,143 at the end of August 2015 and has dropped to $410,177 at the end of August 2016 for the Bible Park Neighborhood, which is 5% less. This is also a 12% decrease from the 20 month high of $466,891 at the end of July 2016. The Bible Park Neighborhood has a wide variety of housing and not a lot of sales per month which can cause a lot of variation from month to month. I find the annual average 8 months into 2016 to be much more indicative of the changes. The average sales price for all of 2016 is $434,701, while the average sales price for all of 2015 is $404,697 which is a 7.4% increase.
How many homes sold in the Bible Park Neighborhood in August 2016?
12 homes sold in the Bible Park Neighborhood during August 2016. This is 1 more home than the 11 homes that sold in July 2016 and 5 more homes than the 7 that sold in August 2015.
How long did it take for homes to sell in Bible Park Neighborhood in August 2016?
The average days on market for a home in the Bible Park Neighborhood was 20 days in August 2016. That means after listing a home in the MLS it took 20 days on average for it to go under contract.
How many months of home inventory are present in the Bible Park Neighborhood?
Months of real estate inventory is a measure of how many homes are available for sale compared to how many sell every month. For instance if 7 homes sell per month and 7 homes are available for sale, you would have exactly 1 month of inventory. Currently there is just over 1 month of real estate inventory in the Bible Park Neighborhood.
Homes for sale in the Bible Park Neighborhood below or click here.
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