The White Oaks real estate market had mixed results in October.
There were six firm sales of detached homes older than 25 years reported ranging in price from $186,000 to $234,000 for an average of $200,750.
This is the highest monthly average I have ever posted. Last October: seven sales ranging from $155,500 to $197,400 for an average of $178,817.
As a seller, the strong prices are good news, but there is good news for buyers as well. During October 2009, the average time on market was 17 days, in October 2010 it was 48 days giving buyers ample time to view homes and make a decision.
Five of the newer detached homes sold ranging in price from $164,500 to $237,00 for an average of $202,400 after an average of 53 days on the market. Last year there was one sale for $195,000 after 3 days on the market. A full report can be found here
There were no firm sales of semi detached homes reported in October.
The average sale price of townhouse condos was $112,000. Four sales ranged in price from $99,000 to $137,000 spending an average of 33 days on the market. Last October, seven units sold in an average of 38 days ranging in price from $95,000 to $143,000 for an average price of $117,571
If you are thinking of selling, don't think of your home as average and ask for a Market Evaluation
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