Evergreen experienced strong price growth across all property types in December 2024, with sales increasing by 36% year-over-year. Inventory levels have risen, but demand remains high, leading to continued upward pressure on prices.
Market Trends
Sales Activity: A total of 15 residential sales were recorded in Evergreen, reflecting a 36% year-over-year increase.
New Listings: 14 new properties were listed in December, a 27% rise compared to the previous year.
Inventory Levels: The number of available homes increased to 26, showing a 20% annual increase.
Months of Supply: The market had 1.73 months of supply, indicating a 9% increase over the previous year.
Detached Homes
Sales: 9 units sold (80% increase Y/Y)
New Listings: 10 new listings (100% increase Y/Y)
Inventory: 19 active listings
Benchmark Price: $749,000 (12% Y/Y increase)
Months of Supply: 2.00 months
Market Trend: The detached segment remains strong, with a notable price appreciation of 12% compared to the previous year. The increase in new listings has been met with high buyer demand, resulting in low months of supply.
Semi-Detached Homes
Sales: 0 units sold (No recorded sales this month)
New Listings: 0
Inventory: 1 active listing
Benchmark Price: $546,500 (6% Y/Y increase)
Months of Supply: Not applicable (no sales)
Market Trend: The semi-detached market remains relatively quiet, with limited inventory and demand. Prices continue to appreciate despite fewer transactions.
Row Homes (Townhouses)
Sales: 3 units sold (0% Y/Y change)
New Listings: 1 (67% decrease Y/Y)
Inventory: 0 active listings (indicating high demand)
Benchmark Price: $425,600 (9% Y/Y increase)
Months of Supply: Low, at 1.45 months
Market Trend: The townhouse market remains highly competitive, with inventory being absorbed quickly. Limited new listings are contributing to rising prices.
Apartments (Condos)
Sales: 3 units sold (No change Y/Y)
New Listings: 3 (No change Y/Y)
Inventory: 6 active listings (56% increase Y/Y)
Benchmark Price: $340,200 (9% Y/Y increase)
Months of Supply: 1.73 months
Market Trend: The apartment market has seen an increase in inventory, but demand remains steady. Prices continue to trend upward, benefiting sellers.
Overall Market Trend
Total Residential Sales: 15 transactions (36% increase Y/Y)
Total Benchmark Price: $613,800 (7.7% increase Y/Y)
Total Months of Supply: 1.73 months (9% increase Y/Y)
Inventory Growth: 20% higher than last year
The detached and townhouse markets continue to drive price growth, while the apartment segment remains stable. The semi-detached segment has seen minimal activity. With relatively low months of supply, Evergreen remains a seller’s market, particularly for row homes and detached houses. Overall, the Evergreen real estate market in December 2024 reflected steady price growth and sustained demand, despite increasing inventory levels.
Evergreen remains a sought-after community due to its proximity to natural parks, excellent schools, and strong neighborhood amenities. The area continues to attract families and professionals due to its balanced mix of affordable apartments, townhomes, and high-value detached homes. Easy access to public transit and major roadways enhances its desirability.
Comments:
Post Your Comment: