Emerald Hills Sees Inventory Pick Up in Q2

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The Q2 Emerald Hills market saw a burst of inventory in the $1.5-$2 million range.  This gave buyers more choice (and time) to sort through the offerings.  Homes with more traditional yards and gently sloping parcels stood out and were snapped up much more quickly.   In particular, sales at 1587 Cordilleras Road, 316 Lakeview Way and 2 Northview Way were instances of purchases based on these factors and upside potential.  The largest sale was 698 Edgecliff Way, a 4,148 sq ft newly built home that spent 227 days on the market and closed at $2.4 million.  The least expensive home was a tie at $825,000 between 1981 Cordilleras Road and 402 Hillway Drive.  At the close of the quarter, most if not all of the six or more listings lacking yards on steeper slopes remained on the market.

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