Brighton Place Market Statistics
In the last 12 months, there has been significant activity in the Brighton Place neighborhood. Currently there are 5 homes on the market and 1 under contract. Over the last 12 months, 11 homes have sold (and another 11 on Brighton Court.) Of those 11 that have sold, the highest sold price was $369,000, and the lowest price $196,750. The median price was $282,314.
The high days on the market is 148, the low is 0, while the median is 70. This is actually a remarkable number considering the price range that we are in. Compare this to all of Fort Smith in the last 12 months, the median days on the market was 81, and the median for all homes sold in a comparable price range was 92 days on the market.
Considering that there are currently five homes on the market, and about 1 a month is selling, there are 5 months of inventory. Your chances of selling your home is 1 in 5, or 20%.
If you are interested in more detailed market information, please let me know how I can help.