Sunday, August 2, 2009

July Housing Update

As of today in The Forge:
--19 houses currently for sale from $269K -$415K. This is about 1% of the homes in the neighborhood. OF these:
-- 2 are 5bdrms priced from $392.5K-$415K
--1 is a 4bdrm at $307K
--16 are 3bdrms priced from $269K-$319K. Of these only 3 have 2 baths.:
--8 homes are currently under contract--It took an average of 36 days for these homes to go under contract.
--11 homes have sold since July 1.
--Of these 8 were 3 bdrms/2baths w closing prices from $$275K-$320K
--2 were 4 bdrms w closing prices of $330K-$342K
--1 was a 5bdrm closing at $390K.
The Forge continues to see a robust market. Rates are still very good, houses are very affordable and buyers have lots of reasons to buy in this market--especially first time home buyers who can take advantage of the $8,000 tax credit!
Need more details? Have questions? Write in or feel free to call me.