New Construction Market Update – Shalimar (June 2025)
The new construction market in Shalimar has been active but slow-moving. Long days on market and price reductions have been common, especially for homes that didn’t hit the market with realistic pricing. Here’s what the data tells us from the past 12 months:
Market Snapshot
- Total New Homes Sold: 12
- Currently Active: 5
- Pending Sales: 2
- Average Sold Price: $569,537
- Median Sold Price: $499,900
- Average Size: 2,298 Sq Ft
- Average Price per Sq Ft: $239
- Average Days on Market: 183
Price Trends
- Average Price Adjustment: -$44,037 (-8.24%)
- Sold/List Price Ratio (avg): 98.83%
- Sold/Original List Ratio (avg): 92.4%
Time on Market Breakdown
| Days on Market | % of Sales | SP/LP Ratio | SP/Original List Ratio |
|---|---|---|---|
| 0–30 Days | 7.14% | 100.00% | 100.00% |
| 31–60 Days | 21.43% | 95.51% | 95.51% |
| 61–90 Days | 0.00% | – | – |
| 91–120 Days | 0.00% | – | – |
| 121+ Days | 71.43% | 99.44% | 90.86% |
Key Insight
The numbers don’t lie: nearly three-quarters of new construction homes in Shalimar sat on the market more than 120 days. These listings saw the biggest price cuts and typically closed nearly 10% below original ask.
However, one home sold in under 30 days — and it sold at full price. That one result reinforces what experienced sellers already know: homes in good locations, priced right, and in great condition tend to go under contract quickly.
If you’re planning to list a new build in Shalimar, let’s make sure it’s one of the fast movers — not a long-haul markdown. Let’s talk.