Although 4th quarter is not yet done, there is plenty of information to share about the home sales in Belle Creek since October 1.
As your Belle Creek REALTOR®, I pride myself in keeping my neighborhood up to date on the activity in the neighborhood. Here's a snap shot:
- Since October 1, 2010- 6 Homes have sold!
- The average net sold price was $154,140. (This price reflects the sold price minus any concessions or buyer down payment assistance)
- The average price per square foot of the sold properties was $92.
- Average time on market for the sold properties: 173 days.
- There are 3 properties under contract.
- There are 3 active properties.
- This data is for existing homes. New construction by Oakwood Homes has not yet closed but has 5 pending sales.
While the sold prices are down, it is important to note that all of the sold properties were short sale or lender owned properties. In the short term, that brings the market value down.
However, it also helps clear out the short sale and lender owned inventory, which will increase the value of Belle Creek Real Estate. This will help stabilize the Belle Creek Real Estate market, which we would all love to see!
Merry Christmas and Happy New Year to you, Belle Creek!
Comments(4)