Real Estate trends should be watched on a “local” basis, and by that I mean down to your neighborhood, down to your street! So you will be pleased to know the stats for the Old Village/ Old Mt. Pleasant for the 2nd quarter of 2013 indicate a very solid market. Check it out….
AVERAGE PRICE SOLD IN THE OV/OLD MT P: The average price for 2nd quarter of 2013 was $562,700 which is up from 2012 when homes averaged $525,000 and $476,000 in 2011. This growth over a long period of time indicates a stable market.
AVERAGE PRICE PER SQUARE FOOT IN THE OV/OLD MT P: No surprise that while the average home price increases, the average price per square foot goes up as well: Price per sq. ft. averaged $257 in 2013, which is up from $235 in 2012 and $201 in 2011.
AVERAGE DAYS ON MARKET IN THE OV/OLD MT P: This is impressive and supports the fact that inventory is so low it cannot satisfy buyer demand. Homes were on the market for an average of 37 days this quarter (Wow!) vs. 167 days in 2012 and 162 in 2011.
HOMES SOLD IN THE OV/OLD MT P: There were 39 homes sold this quarter, vs 39 homes sold in the 2nd quarter of 2012, and although that number did not increase, sales are up significantly from the 2nd quarter of 2011, when only 25 homes sold. Thinking of selling? Now is the time!