| October 1, 2007 | |||||
| Residential - Active | 2 BR | 3 BR | 4 BR | 5 BR | All BR |
| # of Units | 5 | 53 | 27 | 7 | 92 |
| Average List Price | $145,640 | $193,088 | $290,891 | $294,229 | $226,908 |
| Average Market Time | 55 | 91 | 115 | 34 | 92 |
| Average Square Ft. | 1399 | 1671 | 2223 | 2282 | 1865 |
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| Residential - Pending | 2 BR | 3 BR | 4 BR | 5 BR | All BR |
| # of Units | 3 | 7 | 2 | 0 | 12 |
| Average List Price | $90,767 | $117,072 | $193,375 | $0 | $123,213 |
| Average Market Time | 70 | 70 | 128 | 0 | 80 |
| Average Square Ft. | 1064 | 1435 | 1414 | 0 | 1339 |
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| Residential - Sold February 2007 | 2 BR | 3 BR | 4 BR | 5 BR | All BR |
| # of Units | 0 | 4 | 3 | 0 | 7 |
| Dollar Value | $0 | $620,900 | $396,000 | $0 | $1,016,900 |
| Average List Price | $0 | $161,713 | $145,433 | $0 | $154,736 |
| Average Sold Price | $0 | $155,225 | $132,000 | $0 | $145,271 |
| Average Market Time | 0 | 72 | 73 | 0 | 72 |
| Average Square Ft. | 0 | 1668 | 1875 | 0 | 1757 |
| % of List Price | 0.00% | 95.99% | 90.76% | 0.00% | 93.88% |
Using the stats above, the monthly absorption rate for Georgetown is over 1 year. The monthly absorption rate is the time it would take to sell the entire inventory that's on the market currently. Typically, anything over 6 months is considered a "buyer's market" and anything under 6 months is considered a "seller's market". As you can see, we are in a buyer's market at the moment. Couple that with the fact that interest rates are still low, and you will see that now is a great time to move.
If you are on the fence or you have questions, please contact me via cell (502) 641-1677 or email bmumaw@semonin.com. I’d love to sit down and answer any questions you may have.
Equal Opportunity Housing. All information deemed reliable, but not guaranteed. All information herein has not been verified and is not guaranteed.
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