Hampton 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 |
20 |
5 |
42 |
75 |
96% |
|
151 – 200 |
13 |
3 |
26 |
49 |
97% |
|
210 – 250 |
4 |
1 |
22 |
61 |
97% |
|
251 – 300 |
7 |
1 |
16 |
95 |
97% |
|
301 – 350 |
4 |
3 |
14 |
104 |
95% |
|
351 – 400 |
5 |
0 |
6 |
128 |
95% |
|
400 – 500 |
8 |
2 |
7 |
64 |
96% |
|
Over 500 |
14 |
3 |
21 |
99 |
94% |
|
All Prices |
75 |
18 |
164 |
76 |
96% |
In 2010, 167 homes were sold in an average of 71 days at 95% of list on average.
Average Sales Price in 2011 was $266,008 and $253,055 in 2010.
Based on a review of the numbers noted above, Hampton Township Real Estate fared fairly well in the year 2011. A few less homes were sold in 2011 and it took a few days longer to sell them, however, the sales to list price ratio increased by 1% and the average price of a home increased about 5% from 2010 to 2011. Current inventory of active listings appear to be balanced based on what sold for the previous 12 months for price ranges up to $350,000. Over this amount the supply starts to increase over the 6 month mark. Still, it looks like it is going to be a good real estate year for those planning to sell their Hampton Township homes in 2012. For a more in depth analysis of your market, please email or call me today!