MARKET SNAPSHOT End April 2011
As we approach the end of April 2011, the market remains constipated in Applecross and Mount Pleasant.
Existing FOR SALE MARKET
1) Applecross
161 properties for sale
170.1 average days on market (to not sell)
$2,189,175 ave. asking price
2) Mount Pleasant
79 properties for sale
146 average days on market (to not sell)
$1,426,073 ave. asking price
2011 SOLDS
1) Applecross
43 sales
Value $36,898,000
Average sale $1,419,154
121 average days on market to sell
2) Mount Pleasant
46 sales
Value $30,601,000
Average sale $1,176,962
142 average days on market to sell
SUMMARY- At the risk of sounding like a broken record, price right, choose a pro-active agent, market well, be pragmatic and look at all offers on merit. If you don’t need to sell, DON’T.
Thanks and see you in the market place….IB (ed)