In this report, we will look at average home prices, home values, and home sizes in Southwood, as well as a table of the most recent 1,000 closed home sales in Southwood.
For the real estate graphs found in this report, you will find the number of closed home sales for each year (red columns, measured on the left vertical axis), and an important real estate statistic shown in blue (measured on the right vertical axis).
The graphs and the closed sales table will be continuously updated into the future (meaning bookmark this page if you always want to know the current status of homes in Southwood).
Southwood Home Prices
Average home prices in Southwood are down just over 4% in 2019, but you might be surprised by the conditions that have caused the decline. The average sales price in Southwood in 2018 is $340K, and as you’ll see in the full report below, it’s not because homes are getting cheaper.
Activity in Southwood is robust. Currently, there are 54 homes for sale in Southwood and 24 (44%) already have contracts with buyers.
Southwood Home Values
Average home values in Southwood have risen nearly 6% in 2019, which would be staggering if we did not do a thorough investigation of what is occurring in Southwood.
The average value of a home sold in Southwood this year is $162 per square foot, the highest annual average on record. Unfortunately, this is less due to appreciation and more to do with the fact that many of the sales are small, new construction homes. Read the commentary below the size graph below to understand how this is impacting home values.