Saturday, May 26, 2007

Market Update

129 homes have sold and gone under contract since January 1, 2007. Here is a wrap up of what closed the past week:

-115 43rd- asking price $329,000, sold price $323,000
-138 75th- asking price $649,000, sold price $639,000
-22 77th- asking price $799,000, sold price $745,000
-24 63rd- asking price $959,000, sold price $875,000

The average percentage that these homes came down from their asking price was approx. 5%. All of these homes were resales, not new construction.