Solds Summary 2018

About 11% of The Hermitage properties were Sold in 2018, a total of 16 transactions from an 821 sf unit at $225,000 up to a 1,315 unit selling at $322,000. More so than in years past, Buyers mention Light Rail as motivation for choosing this community, given the ideal walking convenience to the Arapahoe Road station. Updated properties continue to sell more quickly for higher prices, less likely to see a price reduction before going under contract. The extent of updating for the best return on investment can be a challenging question, typical for remodeling. Each property is unique in that sense as the 2018 range of Solds was $97,000.