MARKET SNAPSHOT End April 2011

April 29, 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)