Cypress Head Homes for Sale

What this means: Right now in Cypress Head, there are 2 homes for sale. Buyers have been closing about 1 home a month over the last three months. At that pace, it would take about 2 months to sell everything currently listed. That is a seller's market. Homes are selling faster than new ones come on, so sellers usually have more power on price. The typical sold price is $1.9 million. Among homes that closed, the median sold price was 96.2% of the median list price of those same sales. 0% of those sales closed above their own list price and 100% sold below their own list price. Once a home goes under contract and closes, it has usually been on the market about 65 days. Sold prices over the last three months are down about 32% compared with the three months before that. Fewer homes are coming on (0 new in the last 30 days) than are selling each month, so the market may tighten. About 50% of today's active inventory is selling each month (the absorption rate). Asking prices average about $443 per square foot, while recent sales average about $402 per square foot.