The Key Home Team has carefully researched all represented subdivisions and has determined the best Parker neighborhoods for selling and buying. For March 2011; Saddlebrook Farms is the Number 1 best neighborhood for selling a home. Even though most Parker neighborhoods are considered to be in a buyer’s market, Saddlebrook is in a good seller’s market.
The Saddlebrook stats speak for themselves. Median home prices are higher than any time in the past (except 2008 and 2006) and are only down ½% and 2% respectively from those years. This means that Saddlebrook homeowners should be able to sell for more than their purchase price (unless they purchased their property in 06 or 08). The average days on market (DOM), for this area is 65 days which is down by 60% from the previous year. Appreciation from the previous year is up 1.4% and Months of Inventory is 5.3. The number of sales is three times what it was the year before. One factor working in Sadlebrooks favor is that there are currently no bank owned, HUD or short sale properties on the market in the subdivision.
Now is a very good time to put a Saddlebrook home on the market, especially if that home has over 2000 finished square feet since it would have no competition right now. Since 2/3 of the neighborhoods in Parker are in a buyer’s market, a buyer can do well on the buy side as well.
I believe the reason Saddlebrook has done well this year is because it is an appealing neighborhood and is conveniently located for easy access. It is also part of the prestigious Canterberry Crossing Master HOA but is on the lower end of the price scale. It is also less expensive than the majority of homes in the neighboring subdivision, Villages of Parker.
The lesson to be learned here is that even though an area as a whole may be depressed; that doesn’t mean that subdivisions within that area are down. Despite bad news on overall market conditions, it could actually be a great time to put your house on the market.
To see the Saddlebrook Farm stats, visit