Riverstone Real Estate Update:
How Tight Is Riverstone Inventory Heading Into Season?
Riverstone currently has just 13 homes for sale in a community of 802 residences. That means only about 1.6% of the community is on the market—or roughly one available home for every 62 residences. Put another way, Riverstone is not exactly covered in For Sale signs.
Inventory increased by one home from September, but it remains well below the 22 homes available at the beginning of the year. Once a buyer narrows the search by floor plan, view, pool, upgrades and condition, those 13 choices can become a very short list.
Average days on market improved from 177 in September to 135 days in October. One long-tenured listing has a meaningful effect on that figure; without it, the remaining homes would average approximately 104 days or less. With only 13 listings, one property can move an average quite a bit.
For sellers, limited competition is encouraging, but buyers will still pay attention to price, condition and presentation. For buyers, waiting for a huge wave of new choices may not be realistic.
So, how tight is Riverstone inventory? Pretty tight. As season begins, we will be watching to see whether more owners decide to list—or whether buyers begin absorbing the limited selection already available.
