Friday, February 10, 2012

February Neighborhood Market Update

Wow! Activity just this week would indicate an early Spring market underway in the Forge! We are seeing houses going under contract very quickly. IF this keeps up, our inventory will stay reasonably low which will be a good thing for sellers and prices will stay steady. There are a lot of buyers out there right now. See stats below:
18 Homes Currently For Sale:
8 -3bdrms, 2baths: $245K-$330K
9 -3bdrms, 1 full bath, 1 half bath: $185K-$284K
1 -4bdrms, 1 bath: $274K

8 Homes Under Contract
4 -3bdrms, 2 baths: $259K-$299K
1 -3bdrms, 1 full bath, half bath: $200K
1 -2bdrms, 2 baths: $339.9K (Condo)
1 -4bdrms, 2 baths: $339.9K
1 -5bdrms, 3 baths: $599K (Victorian-short sale)

3 Homes Have Been Sold (from January 1)
2 -3 bdrms, 2 baths: $247K-$254K
1 -3bdrms, 1 full bath, 1 half bath: $230K

Of the 8 homes currently under contract, 5 were on market 32 days or less!