Wednesday, April 4, 2012

Q1 2012 Neighborhood Real Estate Summary

The real estate market continues to show signs of improvement and increasing activity with sales up around 30% from 2011 and inventory down a corresponding 27%.

Our neighborhood has seen five homes sold since January 1 with an average sale price of $159,950 for the two that have closed and an average list price of $187,433 for those that are still awaiting closing. (see accompanying table) I have also included a map
showing the locations of the homes for sale (green dots), yellow for pending and not yet closed sales, red for those that have sold and closed and black for those that failed to sell.
Click here to see the listings (note that the link will expire in June 2012)
The market is approaching a seller's market with a strong shortage of homes for sale - multiple offers are becoming quite common.
Contact me with any questions.