Manchester Vermont Real Estate Blog

November 22nd, 2010 3:57 PM

The year end holiday season is typically our slowest time of the year in the local real estate market. However, I am glad to report that I am the busiest I have been all year. I think a lot of other agents would echo my sentiment that the market activity level seems to be picking up. The number of new listings coming on the market has dipped, which is a welcome development considering the amount of existing inventory. The number of closings and properties going under contract continues at a steady, if not spectacular pace. On to the weekly recaps.

Weekly Recap 11/8 – 11/14:

New Listings – 6 new properties came on the market last week ranging in price from $200,000 to $1,250,000.

Price Reductions – 5 properties were reduced in price with an average price reduction of 4.3%.

Under Contract – 4 properties went under contract last week, 2 under $250,000, 1 between $500,000 - $750,000, and 1 over $1 million

Sold – 6 properties closed last week:


Selling Price

Percent of Asking Price

$227,500

81%

$228,000

92%

$275,000

92%

$290,000

77%

$525,000

96%

$800,000

80%


Weekly Recap 11/15 – 11/22:

New Listings – 5 new properties came on the market last week ranging in price from $59,900 to $655,500.

Price Reductions – 6 properties were reduced in price with an average price reduction of 9.4%.

Under Contract – 4 properties went under contract last week, 4 between $250,000 - $500,000.

Sold – 4 properties closed last week:

Selling Price

Percent of Asking Price

$140,000

88%

$230,000

92%

$270,000

90%

$291,250

94%




Posted by David Citron on November 22nd, 2010 3:57 PMPost a Comment (0)

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