Adams Township Residential Real Estate Market in Review
(* indicates number of homes)
|
Price Range in 000’s |
Current Listings* (2012) |
Currently Under Agreement* |
Sold in 2011* |
Days on Market |
Sale to List Price Ratio |
|
99 – 150 |
0 |
0 |
13 |
84 |
97% |
|
151 – 200 |
10 |
4 |
33 |
82 |
97% |
|
210 – 250 |
13 |
4 |
25 |
107 |
97% |
|
251 – 300 |
9 |
6 |
24 |
101 |
98% |
|
301 – 350 |
12 |
7 |
26 |
96 |
97% |
|
351 – 400 |
8 |
4 |
27 |
109 |
98% |
|
400 – 500 |
10 |
4 |
22 |
67 |
97% |
|
Over 500 |
31 |
14 |
48 |
117 |
96% |
|
All Prices |
92 |
43 |
221 |
98 |
97% |
In 2010, 193 homes were sold in an average of 105 days at 97% of list on average.
Average Sales Price in 2011 was $362,670 and in 2010 was $369,212
Based on a review of the numbers noted above, Adams Township Real Estate fared fairly well in the year 2011. A few more homes were sold in 2011, in less time on the market with the same sales to list price ratio as the year before. However, the average sales price of a home decreased about 1.8% on average from 2010 to 2011. The current inventory of active listings appears to be balanced based on what sold for the previous 12 months (with the exception of the over $500,000 range). It looks like it is going to be a good real estate year for those planning to sell their Adams Township homes in 2012. For a more in depth analysis of your market, please email or call me today!