Stonewold home pricing has now stablized and remains one of the top home choices in the Greenville area.
Since my last market update in October 2010, Stonewold home prices and sales activity have both softened. In 2010, while average prices held up at $751,000, there were only 3 sales with an average of 87 days on the market. Individually home prices ranged from $710,000 to $820,000.
Stonewold home prices then fell in both 2011 and 2012. In 2011, 3 homes sold for an average price of $678,000. In 2012, the prices eased further to an average price of $651,000, but the sales pace began to recover with 7 sales for the year. In both years, prices ranged from $550,000 to $775,000.
This year to date there has been one completed sale for $750,000. In addition, there are two sales pending that were listed for an average price of $614,000. There are also 2 homes currently on the market with an average asking price of $719,000 and individually listed at $679,000 and $759,000. At this point it again appears that average prices will remain in the mid to high $600,000 range.
Although prices are down from their peak, it appears that they are now stabilizing and volume is supporting these price levels. With its great location and competitive pricing, Stonewold should continue to be a top choice in the area for years. For more complete background information on the community, be sure to check out my earlier Stonewold update here.
Long & Foster Real Estate Inc – Wilmington, DE/Devon, PA
Office: 302-834-3431/Direct: 610-618-0808
(All statistics per the TrendMLS System and believed accurate but not guaranteed)