Piney Orchard home sales - January 2009 statistics
Posted Mar 2, 2009 @ 9:29 pm, Viewed by 466 Visitors, Read 490 Times.
| January 2009 | ||||||
| Piney Orchard Sales Statistics | ||||||
| There were 11 homes sold in Piney Orchard for January 2009 | ||||||
| Original list price | Final Sold Price | Bedrooms | Baths | Days on market | ||
| Min | $312,500 | $280,000 | 2 | 3 | 38 | |
| Max | $954,326 | $675,000 | 5 | 4 | 252 | |
| Avg | $385,515 | $366,090 | 3 | 4 | 119 | |
| Note: The average sales price is somewhat inflated over previous months as 2 of the 11 sales this month were single family homes. | ||||||
| NEW STATS TO WATCH | Total | |||||
| Short sales | 3 | |||||
| Foreclosures | 0 | |||||
|
Withdrawn |
18 | |||||
| Rented | 16 | |||||
| Closing Help average | $ 4,695 | |||||
|
|
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| Note: Closing costs this month are lower by almost 50% than recent | ||||||
| months. There are qualified buyers with cash reserves buying now | ||||||
| who are seeking reductions in the purchase price rather than closing help. | ||||||
| The average sold price in January was a record low 85% of original asking price. |
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| Note: This is the lowest list price to sales price ratio that I've seen ever. | ||||||
| However, we just came through one of the biggest adjustment periods | ||||||
| I've seen in my 10 year career. Buyers simply aren't willing to risk | ||||||
| purchasing a home that has the potential to devalue quickly so they | ||||||
| are insisting on lower prices. | ||||||
| Source MRIS data | ||||||
Thomas Roskelly, Jr., Realtor USN CPO Retired
RE/MAX Leading Edge
1360 Main Chapel Way
Gambrills, MD 21054
(443) 871-4903 ~ Mobile
(410) 721-6694 ~ Office
E-mail: TWRoskelly@aol.com
On-line: www.PineyOrchardHomes.com
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