Brought to you by Nancy Murray
All indicators show the Briargate market continues to stabilize. Though the number of sales are down 21% from November 2010, the average sales price is only down 2.3% and the median sales price is up 1.5%. Average Sales price is down 13% from October and Median Sales price is down 17%. Percentage of distressed properties are down from a high of 24% one year ago to 15%. Inventory is in the sellers favor at 3.6%. For 8 of the last 9 months, the inventory for this area has been below 6 months. It is surprising to me that the media hasn't started to pick up that the market for Briargate appears to be in a buyers market.
Briargate sellers, if you are priced right, you should be able to sell your property quickly in today's market.
For the complete report, visit Market Report for Briargate.
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