Real Estate home sales in Heathrow for 2010 has shown a small decline over 2009 from 87 homes being sold to 84 homes sold in 2010. However, the average per sq. ft. price surprisingly increased from $142.00 per sq. ft. to $146.00 per sq. ft. and the average home price increased from $420,740.00 in 2009 to $433,000.00 and any increase is great news.
There are currently 74 active homes for sale in Heathrow from $199,000 to $2,300,000 and the average day on the market it 77 days and the per sq. ft. price is $167.00. 11 homes are pending for sale and there are 3 bank owned homes ranging from $205,000 to $699,000 and there are 14 short sales ranging from $199,000 to $850,000 and the days on the market is 79 days.
So, on the average things in Heathrow Real Estate do not look so bad or the glass is half full vs half empty. Now let’s look at the luxury type homes in Heathrow, luxury homes over $750,000 and see what the market is doing there. There are 23 luxury homes on the market in Heathrow right now ranging form $775,000 to $2,350,000 and the average price is $1,113,054 or $209.00 per sq. ft. price.
In 2009 there were 7 luxury homes sales in Heathrow and Heathrow Woods and the average sold price was $1,014,532.00 or $172.00 per sq. ft and in 2010 it showed a great improvement in the average price of a home to $1,186,214.00. The average luxury home sale in Heathrow and Heathrow Woods achieved a $218.00 per sq. ft. price in 2010. These are great improvement, however based on only .58 luxury homes sales per month there is 38 months of unsold luxury home inventory in Heathrow on the market and this calls for prices being reduced in the future.
So, 2010 was a challenging year for home sales in Heathrow despite the improvements we have seen over 2009. If you want to know more about Heathrow or Heathrow Woods Real Estate please look at my website especially designed for Heathrow, www.heathrowluxuryhomesforsale.com.
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