Market Statistics
For the month of November, there were 10 homes sold and closed in Traders Point compared to 14 homes sold in October. Of the 10 homes sold in November, 2 homes were distressed property sales. The average price of all homes sold in Traders Point was $231,360. The Median Price of homes sold was $253,650 The highest price home sold was $500,000. The lowest priced home sold was $37,000. The average Traders Point home sold was a three bedroom, three bath with 2648 sq. ft. The average Days on Market for homes sold was 137 days, up from 108 days last month. There are currently 100 available homes for sale in Traders Point, which gives us an absorption rate...
How’s the real estate market? Depends on who you ask or what you read. You don’t have to look far to find bad news. I pass by most of the articles written by mainstream media. They are all about sensationalism and beating a dead horse! One such report this week indicates homes across the nation have lost an average of about 14% of their value. Truth: some areas have lost more, some areas have seen property values increase. Another article printed yesterday by Money Magazine is just the kind of advice buyers and sellers don’t need. Don’t get me wrong; much of what Ms....
