Lake Keowee Real Estate Blog Numbers Numbers and More Numbers
YTD number of houses sold:
5 with an average sales price = $623,500
Median sales price = $525,000
Average days on market = 503
Compare with 2011 YTD number of houses sold:
9 with an average sales price = $652,833
Median sales price = $501,000
Average days on market = 263
The glaring difference between the two time periods is the average days on market of these homes. The ones that have sold this year have been on the market for an average of almost 2 years. One, the most expensive, sold for $1,300,000, which sounds great until you see that it was listed at $2,350,000 and had been on the market for 1021 days. OUCH! Also noteworthy is that all of these homes were located in one of the three golf communities on Lake Keowee.
As for lots:
2012 YTD number sold:
5 with an average sales price = $187,550
Median sales price = $158,000
Average days on market = 226
Compare with 2011 YTD number sold:
6 with an average sales price = $313,983
Median sales price = $252,500
Average days on market = 228
One month does not a year make of course, but we still seem to be bumping along the bottom with recession-like numbers. Things should get better as we get into the selling season and the good news starts to really take hold. See below links to the aforementioned good news:
Unemployment drops to 8.3 percent,
We still have the same wild cards in European debt (come on Greece, I mean REALLY, how about a little austerity, put down that last baklava), Presidential election, a nuclear Iran, etc. but the stock market is threatening to hit 13,000 and companies will need to start doing something besides sitting on sidelines to make a profit.
So, as always... "If you're selling, make it shine. If you're buying, don't waste any more time!"
If you want to know more about anything we do, would like to see us discuss a particular subject, or have some suggestions for changes/additions to our format, take a moment to send us an email at MattRoach@topgunsrealty.com or MikeRoach@topgunsrealty.com. We would really appreciate your input!
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