Red Carpet Apartment Homes Market Update – February 28, 2026
Market Highlights (as of February 28, 2026)
-
Average Sold Price: Over the past 12 months, apartment-style homes in Red Carpet have achieved an average sold price of about $220,068.
-
Average Days on Market: The average selling pace over the period was around 40.4 days, which reflects a typical mid-range selling pace for this type of home.
-
Odds of Selling: Combining completed sales and current pendings, the odds of a successful sale for a apartment listing in Red Carpet over this window comes in at roughly 53.7%, based on 22 sold, 0 pending, and 19 that did not sell.
-
Monthly Selling Rate: A total of 22 sales over the past year translates into a monthly selling rate of roughly 1.8 apartment sales per month in Red Carpet.
-
Months of Inventory: With 5 active listings at the time of this snapshot and the current selling rate, months of inventory sits near 2.7 months, indicating that buyers have some choice, but well-positioned listings still see steady interest.
Time to Sell
The Time to Sell chart plots individual apartment sales in Red Carpet by days on market and sold price over the past 12 months, from 2025-02-28 to 2026-02-28. Each point represents one sold listing, with days on market on the horizontal axis and sold price on the vertical axis, plus reference lines showing the average sold price and a typical selling pace for this segment.
-
Over the past 12 months, apartment listings here have taken about 40.4 days on average to go from listing to a firm sale. That’s a practical guide for how long a typical sale has taken in this segment.
-
Sales that completed in less than about 14.8 days sit on the faster side of the chart and often reflect well-prepared listings that were aligned with recent pricing, while sales that took longer than roughly 60 days illustrate cases where extra time was needed before the right buyer and price match came together.
-
Across this period, the average sold price for apartment homes in Red Carpet has been near $220,068, and points that sit well to the right of the typical days-on-market line highlight situations where pricing, condition, or more specialized features required additional exposure before a firm sale.
Odds of Selling
The Odds of Selling chart summarizes how many apartment listings in Red Carpet have sold, how many are still on the market, and how many were removed without a completed sale over the past 12 months, from 2025-02-28 to 2026-02-28. It also rolls those counts into an overall estimate of the percentage of listings that ultimately reach a firm sale.
-
Odds of Selling: In the last year, the apartment segment in Red Carpet has seen 22 completed sales and 0 pending deals, alongside 5 active listings and 19 that ended without a sale. Rolled up, that translates into about 53.7% of listings eventually reaching a firm sale.
-
Monthly Selling Rate: Spread over the year, that activity works out to roughly 1.8 apartment sales per month in Red Carpet, a straightforward read on how much buyer demand has been in play.
-
With around 2.7 months of inventory derived from 5 active listings and the recent selling rate, buyers have some choice, but well-positioned listings still see steady interest
-
In this context, “not sold” captures listings that were terminated, expired, or withdrawn without reaching a firm sale, which helps distinguish between properties that successfully completed the moving process and those that left the market for other reasons.
Buying Pattern
The Buying Pattern chart shows how many apartment sales in Red Carpet were completed in each of the last 12 months, including 11 full months plus the current month-to-date, so you can see how activity has moved through the year between 2025-02-28 and 2026-02-28.
-
The busiest months for closed apartment sales over this period were Jul 2025, where the bar heights sit at the top of the chart for this 12-month window.
-
On the quieter side, months such as Sep 2025, Dec 2025, and Feb 2026 sit closer to the bottom of the chart, illustrating periods where fewer apartment sales were recorded.
-
Across the 12-month window, monthly closed sales ranged from about 0 to 5 deals, for a total of 21 completed sales. That lines up with the monthly selling rate of roughly 1.8 sales per month shown in the broader odds-of-selling view.
Price vs. Square Footage
The Price vs. Square Footage chart focuses on the last three months of apartment sales in Red Carpet, plotting each sale by interior size on the horizontal axis and sold price on the vertical axis. A trend line is overlaid to summarize how sale prices have tended to move as square footage changes in this recent sample.
-
Recent closed apartment sales in this view span from around 847.8 sq. ft. through to roughly 847.8 sq. ft., and within that range the trend line suggests a softer relationship where the recent sales sample shows only a limited directional pattern between size and price.
-
On this chart, most recent apartment sales fall into a familiar size range for this community. That gives a practical sense of how buyers have been valuing extra square footage in everyday day-to-day trades. This view is based on about 1 sales over the most recent three-month period.
-
Taken together with the average sold price of roughly $220,068 over the full 12-month window, the chart can be used as a directional guide: you can locate a home's square footage on the horizontal axis, follow it up toward the trend line, and get a sense of where similar recent sales have been concentrating on the price scale.
Key Takeaways
-
Market tilt: With months of inventory sitting near 2.7 months, overall conditions in the apartment segment of Red Carpet point toward seller-leaning conditions. That shapes how much leverage buyers and sellers have when they negotiate around recent comparables.
-
Time to sell: Over the past 12 months, apartment listings in Red Carpet have taken around 40.4 days on average to firm up, which means the selling process has often required a longer marketing window before firming up; for planning purposes it is wise to allow for some variability around that figure.
-
Size and pricing: Within the recent three-month sample, apartment sales from roughly 847.8 to 847.8 sq. ft. show a softer relationship where the recent sales sample shows only a limited directional pattern between size and price. When estimating value for a specific home, it helps to pair that chart with the most similar recent comparables in terms of size, features, and condition.
Considering a Move?
If you’re weighing your options in Red Carpet and want a practical read on where the apartment market stands, I can help you map out the smartest path forward.
Buying: I’ll help you isolate the best fits, interpret what the data really means, and negotiate from a position of strength in Red Carpet.
Selling: I’ll help you time the market effectively, leverage the right comparables, and create a presentation that pulls buyers toward your listing in Red Carpet.
Want a focused, numbers-first roadmap for your next step?
Let’s talk.
