This edition of the Victoria Falls market watch shares the latest market data for the VF community. We share this market information with our neighbors, residents, potential buyers and others who are interested in the real estate market in the Victoria Falls community. Since our last edition on May 23rd – one single family home is now under contract with a kick-out clause. There are two villa styled homes currently under contract with no
- This Victoria Falls market watch data is provided by our local Multiple Listing Service and include the following residential stats as of today, June 17, 2014.
- The analysis report shows that the average list price of single family and villa homes is $343,675. One single family property previously listed at $399,900 is now under contract with a kick-out clause. The actual closed price will not be available until after the closing date scheduled for June 30th. There are two villa style properties under contract with no kick-out clauses with an average list price of $379,450. The average list price for a villa style home is currently $379,450. This price point is down from the original list price of $384,450. The average number of days on the market for single family and villa styled homes are approximately forty-six days.
- Currently, there are two condos on the market. All of the condos are two bedrooms with two full baths…..The current asking price is $225,000, and $269,900 respectively. The average sold condo list price is $205,000. When comparing the sold price to the net price there is a 97.94 percentage spread between the sales price and the net price. The condo market average number of days is approximately seventy-seven days. As of this edition of the Victoria Falls market watch the condo rental market seems somewhat brighter with the last condo renting in August, 2013 at a rental price of $1,625. Although, there have been
condos rentals with an original list price as high as $2,100.