(& SUNSHINE PARK)
MARKET REPORT
Flamingo Park, Grandview Heights, and Sunshine Park currently has 14 active single-family listings with a median asking price of $1,495,000. Over the past 6 months, 28 homes have closed at a median sale price of $1,475,000. At the current absorption rate of 4.7 sales per month, existing inventory represents approximately 3.0 months of supply. The median sale-to-list price ratio is 92.7%.
The market currently has 2.7 months of inventory, reflecting seller-leaning conditions while still offering opportunities for buyers across different price segments.
• The $1.5M-$2.5M segment is currently the strongest-performing price range, with 3 active listings, 12 closed sales, and just 1.5 months of inventory, indicating strong absorption and tight supply.
• Active homes have a median list price of $1.447M, compared with a median sale price of $1.5M over the past six months. This represents a 3.5% difference, with recent closed sales exceeding the current median asking price.
• Homes have sold at a 92.9% median sale-to-list price ratio, indicating that buyers continue to have some negotiating room, particularly when properties have longer market exposure. Six pending or contingent listings and an absorption rate of 4.5 sales per month demonstrate continued transaction activity.
• Under $1.5M currently carries the most inventory at 3.7 months, giving buyers the greatest leverage in this price range. By comparison, the $1.5M-$2.5M segment has only 1.5 months of supply, making it the most competitive segment of the market.
