McCandless Township 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 |
8 |
6 |
50 |
71 |
96% |
|
151 – 200 |
14 |
6 |
67 |
89 |
98% |
|
210 – 250 |
19 |
11 |
83 |
60 |
98% |
|
251 – 300 |
15 |
6 |
45 |
59 |
97% |
|
301 – 350 |
9 |
2 |
16 |
81 |
96% |
|
351 – 400 |
1 |
0 |
6 |
35 |
97% |
|
400 – 500 |
3 |
0 |
9 |
69 |
97% |
|
Over 500 |
4 |
0 |
10 |
87 |
95% |
|
All Prices |
83 |
30 |
301 |
72 |
97% |
In 2010, 300 homes were sold in an average of 78 days at 97% of list on average.
Average Sales Price in 2011 was $224,693 and in 2010 was $217,714
Based on a review of the numbers noted above, McCandless Township Real Estate fared well in the year 2011. About the same number of houses were sold in 2011 as in 2010 but it took a few less days on average to do so. Additionally, prices on average increased 3% in 2011 as compared to 2010. Current inventory of active listings appears to be balanced based on what sold for the previous 12 month. There are a few price ranges that actually reflect a buyer's market because so few houses are for sale. Looks like it is going to be a good real estate year for those wanting to sell their house in 2012. For a more in depth analysis of your market, please email me.