Berry Creek Neighborhood Market Stats - February 2011:
We have some interesting data to review, so let's dig in!
My favorite always comes first, how many homes in Berry Creek SOLD last month?
Hmmm.. 6 homes sold - same number that sold in January 2010. OK, so no big news there...
Moving on to Days on Market (my next favorite chart)....
Up 37% over same time last year. Not great, but not earth shaking either. At least it has stayed fairly level with last month, and stayed away from the crazy number we saw back in November!
So, lets talk about the home values. Here is the median sold price chart:
Pretty flat - a little down from the last few months, but that's OK. We have had very few problems with foreclosures in the neighborhood, which has helped home values stay relatively steady.
Bonus ! Here's some additional charts that I don't normally include, but I found them to be interesting:
The number of homes under contract is the highest it has been in the last 13 months, and up 80% over same time last year. Which sets the stage well for my final chart...months of inventory...
That's 3.9 ! The lowest it has been in 13 months! Which means, if you're a homeowner thinking of selling in Berry Creek, it's a good time to get your house on the market. There's fewer to choose from, and we all know that once folks see our beautiful neighborhood, along with the clubhouse, golf course, tennis courts, swimming pool, and fitness center, they decide that this is where they want to be!
If you would like to sell your home in Berry Creek, Georgetown, or the Williamson County area, please give me a call. I'm ready to move when YOU are !
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