All "SOLDS" data for the 95826:
17 Sold Single Family Homes.
Average Square footage: 1,551
Average Listing Price: $195,153
Average Sales Price: $193,941
Median Days on Market: 43 days
High Sales Price: $291,000
Low Sales Price: $133,000
College Greens/Glenbrook "SOLDS":
9 Sold SFR's
Average Sq. feet: 1,441
Average List: $218,706
Average SOLD:$216,333
Median DOM: 19 days
Rosemont "SOLDS":
8 Sold SFR's
Average Sq. feet: 1,675
Average List: $168,656
Average SOLD: $168,750
Median DOM: 63 days
As of Today (August 3, 2010) here's a snapshot of both markets:
College Greens/Glenbrook: 45 Active listings, 13 Active Short Sale/Contingent, 16 Pending.
Rosemont: 33 Active listings, 62 Active Short Sale/Contingent, 25 Pending.
Doug's Take: Buyer activity has slowed down since the expiration of the homebuyer tax credit. Currently, properties that were selling for over list price in a few days with multiple offers are now taking weeks before an acceptable offer is presented. I expect the inventory of homes for sale in the neighborhood to start climbing. It may take a few months for the current slowdown to be reflected in the statistics, but it will happen. The second half of the year is not going to have as many buyers. This means more inventory and possibly a slight dip in prices as well. Many buyers that would have been purchasing now acted early to get the tax credit. It will be very important to price your home for sale at an aggressive list price to attract the smaller pool of buyers currently out there.
Call or e-mail me if you are looking to buy or sell in the 95826. Check back each month for the updated statistics as i keep a close eye on the 95826 (live in and am also a landlord). Let me know if there are any particular properties you have questions about. Have a great August!!
clear skies,
_ doug reynolds
Comments(0)