The fall season was hot, albeit brief, and the season is beginning its holiday shutdown. Comparing last month to this month, you’ll notice big differences. Current listings in West Savage this month are sitting at 8, compared to 11 last month, and new listing activity is unchanged. Pending sales went from 10 last month to 4 this month. All of this is normal.
Some neighborhoods were quite active this year, while others experienced zero turnover. Here is a summary overview year-to-year comparison of West Savage neighborhoods. (**The sales prices noted do not include additional concessions the sellers may have paid on behalf of the buyer.)
- 10 Closed Sales in 2014. 24 Closed Sales in 2015 ranging from $285K - $486K.
- 4 Closed Sales in 2014. 2 Closed Sales in 2015 ranging from $350K - $397K.
- 6 Closed Sales in 2014. 4 Closed Sales in 2015 ranging from $336K - $382K.
- 3 Closed Sales in 2014 ranging from $325K - $389K. 0 Closed Sales in 2015.
Summit Ponds (Includes the Vistas)
- 3 Closed Sales in 2014. 12 Closed Sales in 2015 ranging from $307K - $380K.
- 6 Closed Sales in 2014. 6 Closed Sales in 2015 ranging from $345K - $379K.
- 3 Closed Sales in 2014. 6 Closed Sales in 2015 ranging from $370K - $531K.
- 6 Closed Sales in 2014. 5 Closed Sales in 2015 ranging from $322K - $400K.
- 1 Closed Sale in 2014 at $339,900. 0 Closed Sales in 2015.
- 5 Closed Sales in 2014. 1 Closed Sale in 2015 at $435,000.
- 3 Closed Sales in 2014 ranging from $395K - $495K. 0 Closed Sales in 2015.
This month, single family and townhome inventory in Savage and Scott County as a whole is down. The West Savage absorption rate .85 this month. That means if zero new homes come on the market, it will take .85 months to sell our existing inventory.