As a local community member within Newcastle and professional Real Estate Broker, I enjoy keeping an eye on the market here. It not only helps me in my profession but helps keep my community members aware of our current market conditions. Below is a quick report for the year ending in 2010. Data source via the Northwest Multiple Listing Service.
Above is a graph showing 2009 and 2010 monthly avg home sale price for the city of Newcastle. As the economy refuses to improve, unemployment still high and buyers few, Newcastle's yearly avg. sales price of single family homes continued to drop since their highest in 2007. Overall the market stills shows a downward trend, however lower sales prices seem to be falling less drastically when considering between 2009 and 2010. Below are Newcastle's yearly average sales price for single family homes since 2006.
2006: $798,907. 234 units
2007: $882,796. 181 units
2008: $787,132. 116 units
2009: $678,780. 129 units
2010: $652,214. 123 units
However, condo values dropped more signficantly since the high point in 2008. Below are Newcastle's yearly average sales price for condos since 2006.
2006: $255,318. 69 units
2007: $278,999. 41 units
2008: $307,720. 32 units
2009: $270,042. 12 units
2010: $242,512. 20 units
If you'd like more information or have any questions on Newcastle's Real Estate Market, please don't hesitate to contact me. If you are considering selling your Newcastle home I'd be more than happy to provide with a full market analysis of your home and answer any questions you may have. I look forward to hearing from you!
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