As your local 8z REALTOR and market expert, it is my pleasure to recap data and provide this market update for Erie’s Vista Ridge neighborhood. Tune in each month for updated information about one of life’s biggest investments: your home. Or even better, have it delivered right to your Inbox:
Like the Fireworks coming from the Colorado National Golf Course at their yearly Holiday party, the market of Vista Ridge is booming! In the last month alone, we have seen 13 properties sold, two of them being Condominiums in the Blue Sky Community, and 11 Single Family Homes throughout the community.
The condominiums are going for an average of $187,500, which puts them at a reasonable $147 per square foot. This is one dollar less than the average in the month of October, which was at $148; however, unlike last month where Blue Sky was under the market average, this month the Vista Ridge average has dropped to $133 dollars. This is likely due to the decreasing availability of Blue Sky Condos in the area, and the overabundance of similarly priced and valued homes in the area.
As for the single family homes, we saw homes from $312,000 to $525,000 and one home at $912,000 sell to new owners this month. Vista Ridge has a booming market in the mid 300’s to the 500’s with the majority of the market in this range; the market for $600,000+ is still strong, albeit smaller than the large selection of $300’s to $500’s. With so many homes in this range on the market, the price is going down overall, with a large supply of comparable homes; this is reflected in the lower price per square foot of $133, which is $19 less than last months $152.
The Vista Ridge Community is looking very strong with a lot of growth in the area, and increasing home values nearly across the board. We are quite the buyers’ market with such a large selection of homes, which will likely lead to an influx of people into the area as the Lafayette and Louisville markets are lacking in inventory. If you were interested in moving into the Vista Ridge area, now is the time!
There were 10 New listings in the month of November:
Attached Dwelling Listings
|1435 Blue Sky Way 8-103 *||$167,000||2||1,156|
*Listed by 8z Real Estate
|1420 Hickory Dr||$362,000||4||1,420|
|2169 Lupine Pl||$368,995||4||2,169|
|1870 Alpine Dr||$485,000||5||1,870|
|2479 Vale Way||$495,000||4||2,479|
|2057 Pinon Pl||$550,000||4||2,057|
|2497 Vale Way||$598,000||4||2,497|
|2436 Reserve St||$648,870||2||2,436|
|2332 Links Pl||$1,399,000||4||2,332|
There were 13 listings that sold in the month of November:
Attached Dwelling Listings
|1435 Blue Sky Way 8-301||$185,000||2||1,435|
|1495 Blue Sky Way 9-301||$190,000||2||1,495|
|2041 Heritage Pl||$510,000||3||2,041|
|2629 Wisteria Dr||$312,500||3||2,629|
|2303 Dogwood Dr||$324,900||3||2,303|
|2074 Tundra Cir||$325,000||3||2,074|
|2066 Tundra Cir||$330,000||3||2,066|
|2452 Ivy Way||$335,000||4||2,452|
|1899 Alpine Dr||$380,000||4||1,899|
|1356 Catalpa Pl||$437,500||3||1,356|
|2264 Dogwood Dr||$470,000||3||2,264|
|1467 Eagleview Pl||$525,000||5||1,467|
|2414 Links Pl||$912,500||4||2,414|
With the inventory so high in Erie, people looking to live in Lafayette and Louisville will likely take a peek and see what the community just a few minutes away has to offer. The inventory won’t remain this high forever.
At this time I would consider listing, as the market is still very solid, but I would be aware that perhaps in a few months, the inventory will be reduced and you may fetch a higher value for your home.
Call me if you need any assistance in Vista Ridge or elsewhere in Erie. I’d be more than happy to discuss the current market’s activity, show homes from the current inventory and help you with any of your real estate needs in the community. You can always reach me at 720.299.4744 or email@example.com.