In our Fountain Park park reserve neighborhood, there were 24 homes sold in 2009 with 10 of these being foreclosures and short sales (a bank-involved pre-foreclosure sale) and 14 being traditional sales.
The average sale prices:
►Foreclosures/short sales (10) $131,700
►“Traditional” sales (14) $224,843
The market appears to beginning an initial recovery. There may be ups and downs as it balances itself but with the number of homes for sale down, the market has shifted from a buyer’s market to what is currently being described as a balanced market with a five month supply of homes for sale.
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