The inventory of single family detached homes in Blackhawk jumped 37% in September to their highest level since September 2011. Pended sales of homes price under $1 million pushed overall sales up by one home during September.
Overall, 41 homes were for sale at the end of September, up 11 from 30 at the end of August. Seven sales pended during September, down one form eight during August. Inventory relative to pended sales rose to 5.9 months at the end of September from 3.8 months at the end of August.
All Blackhawk Single Family Homes
Inventory Vs Pending Sales September 2012
Pended sales of homes priced under $1 million jumped to four during September, after sitting at only one for the past three months. Inventory increased from six to eight. This segment accounted for 57% of Blackhawk’s pended sales in September and 20% of inventory at the end of the month.
Blackhawk Single Family Homes Under $1 Million
Inventory Vs Pending Sales September 2012
Homes priced over $1 million saw inventory increase 38%, from 24 at the end of August to 33 at the end of September. Pended sales fell from their 2012 high of seven during August to three during September.
Blackhawk Single Family Homes Over $1 Million
Inventory Vs Pending Sales September 2012
The sharp increase in inventory reversed the general trend we have seen here this year. We will have to see if this is a temporary blip of the beginning of a new trend.
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