Franklin Park Residential Real Estate Market in Review
(* indicates number of homes)
|
Price Range in 000’s |
Current Listings* |
Currently Under Agreement* |
Sold in 2011* |
Days on Market |
Sale to List Price Ratio |
|
99 – 150 |
4 |
2 |
10 |
99 |
97% |
|
151 – 200 |
8 |
2 |
30 |
92 |
96% |
|
210 – 250 |
6 |
1 |
29 |
98 |
95% |
|
251 – 300 |
4 |
0 |
24 |
80 |
95% |
|
301 – 350 |
5 |
3 |
28 |
80 |
97% |
|
351 – 400 |
3 |
2 |
21 |
39 |
98% |
|
400 – 500 |
9 |
4 |
20 |
49 |
97% |
|
Over 500 |
18 |
3 |
21 |
86 |
96% |
|
All Prices |
59 |
19 |
186 |
78 |
96% |
In 2010, 195 homes were sold in an average of 78 days at 96% of List Price.
Average Sales Price in 2011 was $310,137 and in 2010 was $325,979
Based on a review of the numbers noted above, Franklin Park Real Estate fared fairly well in the year 2011. About the same numbers of houses were sold in 2011 as in 2010 in the same number of days. Average prices did seem to fall a bit, down about 5% on average in 2011 as compared to 2010. Current inventory of active listings appear to be balanced based on what sold for the previous 12 months except in the $400,000+ range. Looks like it is going to be a good real estate year for those wanted to sell their house in 2012. For a more in depth analysis of your market, please email or call me.