How Can I Do A Neighborhood Update When Nothing Is Happening?

I was going to do an update on the Stoneridge/Sedgefield neighborhood in Chapel Hill.  (Conveniently located in the Chapel Hill School District, but NOT in the city limits.  Thus no city taxes, but great schools.)  It also happens to be MY neighborhood, so I keep an extra close eye on it.  However, there is currently only one house on the maket and in the past year exactly ONE house has closed.  (There have been a few that came on, sat for a while, and were withdrawn.)

The current house on the market has been on for a while and has had two price reductions.  No takers so far.  The house that did sell several months ago had been on the market for over a year, though it finally went at a decent price.  It was one of the smallest and lowest priced in the neighborhood and sold just before things got really bad.  Lucky for them.

This makes it difficult to come up with comps for this “new” market we are in. It also makes for a boring update.

Best advice?  If you must sell, do so aggressively in price and staging, inside and out.