Shaler 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 |
|
0 - 99 |
10 |
5 |
37 |
69 |
94% |
|
99 – 150 |
33 |
14 |
128 |
75 |
96% |
|
151 – 200 |
33 |
8 |
72 |
73 |
97% |
|
210 – 250 |
6 |
2 |
24 |
64 |
95% |
|
251 – 300 |
3 |
0 |
11 |
65 |
96% |
|
301 – 350 |
2 |
0 |
2 |
81 |
98% |
|
351 – 400 |
0 |
0 |
0 |
NA |
NA |
|
400 – 500 |
0 |
0 |
0 |
NA |
NA |
|
Over 500 |
0 |
0 |
0 |
NA |
NA |
|
All Prices |
87 |
29 |
274 |
73 |
96% |
In 2010, 306 homes were sold in an average of 66 days at 97% of list on average.
Average Sales Price in 2011 was $144,615 and in 2010 was $145,610
Based on a review of the numbers noted above, Shaler Township Real Estate fared OK in the year 2011. Fewer homes were sold in 2011, it took a bit longer to sell them and the sales to list price ratio dropped a point. The average sales price of a home decreased as well but less than 1% from 2010 to 2011. Current inventory of active listings, however, are less than a 6 month supply (considered balanced) based on what sold for the previous 12 months. So, it should get easier to sell a home in Shaler this year if this ratio holds (demand may outpace supply). It looks like it is going to be a good real estate year for those planning to sell their Shaler Township homes in 2012. For a more in depth analysis of your market, please email or call me today!