Rocky River Crossing in Harrisburg NC is a well kept neighborhood that offers mature tree-lined streets, sidewalks, close convenience to shopping and excellent schools and a nice mix of house styles and amenities. There is a community pool and clubhouse along with basketball court. Several builders have built in the neighborhood including Shea Homes.
I have sold or listed five homes in Rocky River Crossing in Harrisburg NC over the past couple of years, so I have learned a lot about the area and I keep up with it's activity.
Prices of the thirteen sold listings in Rocky River Crossing in Harrisburg NC ranged from $147,500 to $265,000. Eight of them paid some of the buyers' closing costs. The average price per heated square feet was $87. The average Sales to List price ratio was 95.5% which is very good in today's market. Lot sizes range from about a fifth acre to a half acre. The average lot size of the sold listings this year was 0.3 (about a third of an acre).
The average Days on Market in Rocky River Crossing in Harrisburg NC was 118 however keep in mind that this figure can be flawed. If the listing was previously listed with another company and then relisted, that first listing's days on market will not be included in this number. That's why it is a good idea for your agent to do an archive search to make sure of how long the property has been on the market and how many times the sellers have reduced the price. This can help to determine their motivation which affects your negotiating position.
The average heated square footage of these sold listings in 2009 was 2517 SF.
The absorption rate in Rocky River Crossing reveals how much inventory is on the market. Based on the 13 solds in 2009 and the current 17 active listings, the time it will take for these 17 active listings (based on this year's performance) to all be sold is over 15 months! This shows that we are in a buyer favored market. There are lots of homes from which to choose. However keep in mind this absorption rate was calculated for all homes in Rocky River Crossing in Harrisburg NC across all price ranges. Most buyers have a more narrowly defined price range of homes they are considering. So that scary 15 months of inventory is actually lower when you calculate it for a tighter price range.
I am including a handy spreadsheet outlining this information below. This is a quick and easy way to review the market data which I obtained from the Carolina Multiple Listing Service.
If you have specific questions about Rocky River Crossing in Harrisburg NC, I am just an email or phone call away. Feel free to ask. I am always happy to help!
Comments(0)