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West Savage - Then (2009) and Now
By Chad & Sara Huebener
 
New inventory in West Savage has risen.  Most new listings that have hit the market are either a) relisted homes that previously canceled or expired, and/or b) ramblers, which now make up 36% of total West Savage inventory.  Buyers for the rambler market are working on selling their two-story home right now, so ramblers are competing ferociously for the two-story seller who does plan to buy a rambler as their next home. As a side note, all listed rambler inventory in Woodhill (as of today) is being sold "short." 
 
We thought it would be interesting to look at the August numbers from 2009 to compare with August 2010.   Hesitancy in entering the market was more apparent in 2009 than this year, with only 15 current listings and 4 new listings in 2009.  (That is understandable, as winter of 2008 was rife with foreclosures.)  However sales in 2009 were up, with 8 pendings and 4 solds in August of 2009.  The primary reason we attribute to this interesting set of statistics is the $8000 tax credit (the $6500 tax credit was not in place in August of 2009).  In 2009, first-time homebuyers were purchasing entry-level ... more

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