Barkley Estates Home Prices 2016

Barkley Estates home prices

Barkley Estates Home Prices

After a dip in 2015, Barkley Estates home prices were on the rise in 2016. At the end of the year, the average sold price was $380,978. That’s an increase of 12.4% in neighborhood home values. It’s also the biggest gain we’ve seen in Barkley since 2011.

Highest 2016 home sale: 3300 Abbotswood Drive $549,000

Lowest 2016 home sale:  3424 Wedgwood Drive  $275,000 (this was a bank owned home)

barkley estates home prices

Number of home sales

The flip side of increasing prices is a slightly lower number of homes being sold. It’s important to remember that it’s a fairly small subdivision, so we don’t expect to see a huge number of sales each year.

Also of note is that there are a limited number of available homes for sale in Barkley Estates, which also impacts the number of sales. On average, only 1 home per month is listed for sale in the neighborhood, although we saw a jump in listings in November and December 2015.

barkley estates number of homes soldDays to sell in Barkley Estates

Another indicator of renewed neighborhood interest? The average days to sell dropped by almost 50% from 2015 to 2016, ending the year at 94 days.

 

barkley estates average days to sell

What about land sales?

Over the last 5 years, there have been 12 lots sold in Barkley, with just 2 sales in all of 2016. The average land sale last year was for $52,500, up from $45,000 in 2015. That’s still less than 2013 and 2014 average prices.

 


 

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