Monday, March 26, 2007

Market Update

Since January first there have been 85 homes that have gone under contract or sold. Here is how the past 7 days went with closings:

-3700 Boardwalk, asking $577,900, sold for $555,000
-111 37th, asking $439,900, sold for $435,000
-219 45th, asking $649,000, sold for $635,000
-230 38th, asking $599,000, sold for $585,000
-3208 Boardwalk, asking $2,150,000, sold for $1,900,000
-129 54th, asking $829,000, sold for $800,000
-6505 Central, asking $719,000, sold for $670,000
-5805 Central, asking $425,000, sold for $420,000
-4900 Landis, asking $398,900, sold for $380,000
-8202 Central, asking $749,000, sold for $680,000 GREAT DEAL!!!

So the wrap up is that on average, these homes came down approx. 5% from their asking price. Four of the homes were new construction, the rest were resales.