Saturday, April 21, 2007

Market Update

We are now up to 106 homes that have gone under contract or sold since January 1st.

Here is the latest breakdown:

-6500 Pleasure-asking $1,135,000, sold for $1,090,000
-26 65th St.-asking $875,000, sold for $810,000
-101 61st St-asking $699,000, sold for $665,000
-219 45th St-asking $649,000, sold for $635,000
-7730 Roberts-asking $1,775,000, sold for $1,775,000
-7301 Central-asking $629,000, sold for $610,000

So the average reduction off of asking price was approx. 4%. Three of the homes were new construction.