Richland 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 |
12 |
1 |
30 |
71 |
97% |
|
151 – 200 |
14 |
5 |
32 |
77 |
97% |
|
210 – 250 |
7 |
2 |
23 |
99 |
97% |
|
251 – 300 |
8 |
0 |
20 |
73 |
98% |
|
301 – 350 |
4 |
0 |
7 |
93 |
94% |
|
351 – 400 |
4 |
1 |
4 |
98 |
95% |
|
400 – 500 |
1 |
0 |
2 |
45 |
97% |
|
Over 500 |
5 |
1 |
5 |
107 |
95% |
|
All Prices |
55 |
12 |
126 |
81 |
97% |
In 2010, 131 homes were sold in an average of 67 days at 97% of list on average.
Average Sales Price in 2011 was $219,803 and in 2010 was $209,478
Based on a review of the numbers noted above, Richland Township Real Estate fared fairly well in the year 2011. A few less homes were sold in 2011 and it took a bit longer to sell them, however, the sales to list price ratio remained the same 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 $300,000. 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 Richland Township homes in 2012. For a more in depth analysis of your market, please email or call me today!