August was not nearly as strong in Briargate as July but for the most part, this was to be expected. There was a 55.76% decrease in the number of Briargate sales from July to August. There were a couple of promising signs. First of all the Listing Discount is only 2.9%, that shows that the stuff that is selling in Briargate is priced well. Secondly, the months of existing inventory is at 6 months. This means the area is tending towards a "Buyers Market" but just barely.
| Briargate Market Statistics-August 2008 |
| Number of Sales: 52 |
| Median List Price:$304,950 |
| Average Sales Price: $304,347 |
| Median Sales Price: $291,500 |
| Listing Discount: 2.9% |
| Months of Existing Inventory: 6 |
This information courtesy Joe Boylan: http://www.SpringsHomes.com
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