BUILDERS SQUARING OFF SERIES:
The kids have already started back to school, the First Time First Time Homebuyers Tax Credit has come and gone, except for some select military personnel ewturning from deployment. It been a few months since my initial post identifying Walton Acres/Walton Farms/Walton Hills as a key new construction battleground between Faircloth Homebuilders and Crown/Pillon communities. This is a family friendly neighborhood desired by many professionals, and military members due to its close proximity to Fort Gordon , located just 2 miles outside Gate 5.
Here I have broken down this summer's activity in these subdivisions.
|
New Construction |
Resale |
Total Sales |
May 2010 |
4 |
2 |
6 |
June 2010 |
18 |
2 |
20 |
July 2010 |
4 |
1 |
5 |
Totals |
26 |
5 |
31 |
During this summer surge there wasn't a clear cut winner. Out of the 26 New Home sales in Walton Acres/Walton Farms, Walton Hills subdivisions, these were the results with Crown/Pillon Communities achieving a slim lead:
|
New Construction |
Resale |
Total Sales |
Crown Communities |
12 |
2 |
14 |
Faircloth Homes |
11 |
2 |
13 |
Nathan Youngblood |
3 |
1 |
4 |
Totals |
26 |
5 |
31 |
Other key statistics for Walton Acres/Walton Farms/ Walton Hills subdivisions, during this period May-Jul 2010. It's no secret that the New Construction has severely impacted the resale market here in Augusta GA. However the resale homes that sold, averaged 117 DOM is a good sign. Sellers if you price your home right and it's in good condition and easy to show it will move. The neighborhood is in a good location, you control the rest. Contact me for a listing consultation. Stay tuned for another post on Move up Buyers.
|
New Construction |
Resale |
|
Price per sq. foot |
$65 |
$71.38 |
|
Sold/List % |
98.76% |
96.71% |
|
Days on market |
95 |
117 |
|
Average Sale Price |
$221.500 |
$145,000 |
|
If you have a question about market data, purchasing, selling or investing in real estate please free to contact me. I'm your trusted Real Estate advisor and I'm here for you!
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