Tuesday, March 24, 2009

Local Home Sales

YTD thru yesterday here are some local stats from MLS

The Point has had 3 homes go pending and 5 closed with prices ranging from $575,900 to $1,625,000. One home that sold was a waterfront for about $225 per sq foot. Interestingly, the home has two other good data points, it's recent sale is about 8.5% less than a sale in 2006 and it's current sale was about 10% higher than it first sold in February 2004. Given that prices from 2006 continued to rise in our area until their peak in 2007, these price points look pretty realistic to current market conditions.

The Farms neighborhood we've seen 1 home go pending and there have been 4 homes sold with prices ranging from $412,000 to $730,178. Prices per sq foot ranged from $95 to $186.

The Harbour at The Pointe has seen 3 homes sold this year with no current pendings. Prices in this very nice neighborhoood have ranged from $310,000 to $1,150,000. Interestingly, the latter home sale was at $183 per sq ft and waterfront. This beautiful home was on the market for only 21 days. Days on market can be a good indicator of value as we are in a buyers market. If you are looking to sell your home, it needs to be priced for today's market not 2007. Bookmark and Share

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