We all love to learn statistics about the real estate market and see where things have been and where we hope things will go. After pulling all of the data for Areas 72 and 73 (mainly the Augusta Road area) above $100,000 in the MLS from January - August 2008 and then pulling the same data from January - August 2009, there are some interesting statistics to share. As we all know, numbers can be interpreted several different ways. The chart is taking into account everything that has sold.
| Jan. - Aug. 2008 | Jan. -Aug. 2009 | |
| # Homes Sold | 142 | 74 |
| Avg. Days on Market | 69 | 88 |
| Avg. Price Sold | $380,191 | $351,525 |
| Avg. Price per Foot | $150 | $147 |
After going through all of the data, it was interesting to notice that between the price point of $200,000 - $500,000, the average price in 2008 was $304,944 and the average price per square foot was $143. In 2009, the average price has been $345,949 and the average price per square foot has been $152. So despite several of the price points falling, the middle range for Augusta Road has stayed strong and even appreciated during this crazy market!
Augusta Road continues to be a great place to buy and sell real estate!
Thanks for taking time to learn more about the Augusta Road area!
For more information or to find out how your home has done in this ever-changing market, please contact me at lauren@brilesco.com
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