Anderson Creek Club Homes for Sale - Market Report 2012

2012 ANDERSON CREEK CLUB ANNUAL MARKET REPORT SUMMARY

Anderson Creek Club: Is It a Buyers Market or Sellers Market?

One of the first things people ask about the Anderson Creek Club Real Estate Market is whether it is a Buyers Market or Sellers Market.

A Buyers Market is one that has more homes available for sale than there are buyers to purchase them, as well as more than six months of available inventory on the market. This means that a Buyer has a great chance of purchasing a pre-owned home for less than list price with the seller agreeing to pay some or all of the closing costs or purchasing a new home with the builder possibly including buyer incentives and upgrades.

A Sellers Market is one in which there are far more buyers than available homes to buy, with less than six months of available inventory on the market. In addition, buyers are often willing to pay more than the list price as a way of competing with other buyers.


As you can see from the chart above, Anderson Creek Club has been a Buyers Market since 2007, mainly due to the extremely high number of new homes available in Anderson Creek Club.

With 16.8 months of available inventory through 2012, Anderson Creek Club is poised to remain a Buyers Market for 2013 and some time to come. With this being the case, selling a pre-owned property in Anderson Creek Club has been and will continue to be extremely difficult, but not impossible.


[More: Get tips on How to Compete with New Homes for Sale in Anderson Creek Club.]

Anderson Creek Club: Have the Home Values Declined?

In 2012, the average sell price was $266,119. That was a 6% drop from the 2011 average sell price of $283,840, making the 2012 average sell price nearly identical to the average sell price from 2009.


However, as you can see from the chart above, the average sell price has never been more than 3% lower than the average list price. With this being the case, and based on the average list price of $293,278 of homes for sale in Anderson Creek Club (as of January 2013), the average sell price should increase substantially.

Anderson Creek Club: How Long Does It Take to Sell A Home?

The length of time it takes to sell a home in Anderson Creek Club depends on a variety of factors such as list price, number of bedrooms, and home style (i.e. patio home, condominium, townhome).


In 2012, homes priced between $180,000 and $199,999 had the lowest days on market average with 78, yet the average days on market for all property types in Anderson Creek Club, regardless of price or style, was 218.

Anderson Creek Club: What Does the Market Hold for 2013?

Based on the excess amount of new home inventory available in Anderson Creek Club, pre-owned homes on the market are expected to continue to sell at a slower pace and in lower numbers than new construction, which is bad news for sellers in Anderson Creek Club, but great news for Buyers.

(See all of the statistics used to compile the Anderson Creek Club Real Estate Market Report Summary for 2012 here.)

All statistics compiled using data from the MLS system provided by the Fayetteville Regional Association of Realtors.