So, as a quick update, here are the “11 for ’11.” I’ll be adding more and commenting on these as we go forward. Enjoy and please feel free to contact me with any questions!
1) The Average Sales Price fell another 4.58% from $231,119 to $220,534
2) The Median Sales Price fell another 5.69% from $183,512 to $173,063
3) The total number of homes sold rose 3.59%
4) The total volume of real estate sold in the area fell 1.16%
5) The average days on market for 2011 were up 16.3% (from 128 to 153) from 2010.
6) There were 47 houses that sold for $1MM or higher
7) The largest discount on one of those 47 houses was 51%- 1808 Starfix Terrace was originally listed for $3.8MM and sold for $1.85MM after 351 Days (CLICK HERE for the Zillow Profile)
8) On average, houses over $1MM sold for 75.8% of their original list price
9) The most expensive sale in the MLS was for $2.895MM- 26 Island Drive (CLICK HERE for the Zillow profile)
10) Of approximately 1800 Realtors in the local board of Realtors, only 907 sold ANY homes
11) Of Approximately 1800 Realtors, only 342 sold more than 5 homes in 2011
January 31, 2012
For Buyers, For Sellers, Uncategorized, Wilmington