Question 1

What is the median sold price in Pinnacle Ridge?

Accepted Answer

The median sold price in Pinnacle Ridge is $2,263,000 based on 3 home sales over the past 2 years. The median represents the middle price point where half of homes sold for more and half sold for less, making it a reliable indicator of typical home values in the area.

Question 2

What is the average home price in Pinnacle Ridge?

Accepted Answer

The average sold price in Pinnacle Ridge is $2,277,667. Note that the average ($2,277,667) is higher than the median ($2,263,000), which indicates some higher-priced luxury sales pulling up the average.

Question 3

What is the price range for homes in Pinnacle Ridge?

Accepted Answer

Home prices in Pinnacle Ridge range from $1,785,000 to $2,785,000 based on recent sales data. This $1,000,000 spread reflects the variety of property types and sizes available, from starter homes to luxury properties.

Question 4

Are homes in Pinnacle Ridge selling above or below asking price?

Accepted Answer

On average, homes in Pinnacle Ridge are selling at 99.8% of their asking price. This means homes are selling very close to asking price with minimal negotiation room. Buyers may have room to negotiate on price.

Question 5

How long do homes take to sell in Pinnacle Ridge?

Accepted Answer

Homes in Pinnacle Ridge are selling in an average of 29 days. This indicates a seller's market with strong demand. Well-priced homes often receive offers within the first week of listing.

Question 6

What is the price per square foot in Pinnacle Ridge?

Accepted Answer

The average price per square foot in Pinnacle Ridge is $773. This metric helps you compare homes of different sizes on an equal basis. For example, a 2,000 sq ft home at this rate would cost approximately $1,546,000.

Question 7

How active is the real estate market in Pinnacle Ridge?

Accepted Answer

The Pinnacle Ridge market has seen 3 home sales over the past 2 years, with 2 properties currently for sale. With ample inventory available, buyers have plenty of options to choose from.

Question 8

How much do detached homes cost in Pinnacle Ridge?

Accepted Answer

Detached homes in Pinnacle Ridge are selling for an average of $2,277,667, with 3 sales over the past 2 years.

Question 9

Are home prices rising or falling in Pinnacle Ridge?

Accepted Answer

Home prices in Pinnacle Ridge have increased by 56.0% over the past 2 years. The average sold price moved from $1,785,000 to $2,785,000. This upward trend indicates strong demand and potential equity gains for homeowners.

Question 10

Is Pinnacle Ridge a buyer's or seller's market?

Accepted Answer

Based on current data, Pinnacle Ridge is a seller's market. Homes are selling in 29 days on average and at 99.8% of asking price. Sellers can price confidently, while buyers should be prepared to act quickly and consider offering at or above asking price.

Question 11

What percentage of homes sell above asking price in Pinnacle Ridge?

Accepted Answer

In Pinnacle Ridge, 33% of homes sold above asking price, while 67% sold below asking. This indicates a competitive market where bidding wars are common.

Question 12

What are the average property taxes in Pinnacle Ridge?

Accepted Answer

The average annual property tax in Pinnacle Ridge is $8,415, with a median of $9,063. Property taxes vary based on the assessed value of the home and are an important factor when calculating your total monthly housing costs.

Question 13

What size homes are selling in Pinnacle Ridge?

Accepted Answer

Homes selling in Pinnacle Ridge range from 2,573 to 3,431 square feet. This variety means you can find everything from compact condos and starter homes to spacious family residences and luxury properties.

Question 14

How much do home prices vary in Pinnacle Ridge?

Accepted Answer

Pinnacle Ridge shows relatively consistent pricing with a standard deviation of $408,380 around the average price of $2,277,667. Prices are fairly consistent, making it easier to predict what you'll pay for a home in this area.

Question 15

How do I find out how much a house sold for in Pinnacle Ridge?

Accepted Answer

Simply search our Pinnacle Ridge sold archive. We index recently sold homes specifically by neighbourhood so you can compare apples-to-apples. If you see a "Sold" sign up the street, our MLS® sold listings data will tell you the exact closing price.

Question 16

Are sold prices different from the list price?

Accepted Answer

Often, yes. In competitive markets, house sale prices can be higher than the list price, while in slower markets, they may be lower. Viewing recently sold homes in Pinnacle Ridge will show you the "Sale-to-List Ratio," helping you understand the negotiation gap.

Question 17

Do you show all MLS® sold listings for Pinnacle Ridge?

Accepted Answer

Our feed captures all MLS® listings sold page data available for Pinnacle Ridge. This includes detached homes, condos, and duplexes, ensuring you don't miss any sold real estate listings relevant to your search.

Pinnacle Ridge Homes Sold in the Last 30 Days

Pinnacle Ridge Sold Data Overview

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Sold Data & Market Statistics for Pinnacle Ridge

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2-Year Market Trends: All Property Types

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