Keeping Current Matters

National Association of Realtors

Saturday, August 2, 2008

Here's the Avalon Market Update For July 2008.

Snapshot of Avalon Sales Activity July 2008

Here's the Avalon market update for July 2008. Lots of Sales Activity in July!!

Seven single family homes are Under Contract in the month of July 2008 with listed price ranging from $1,095,000 up to $4,699,000. The average time on the market for these homes is 293 days.

Two single family home Sold and went to settlement this month. One of these homes was a 3 bedroom, 1 bath furnished home on a 50x10 lot which had been listed for $999,999 and SOLD for $929,000 after 375 days on the market .

The second home SOLD was a 4 bedroom, 3.5 bath beach block home which was listed for $2,345,000 and SOLD for $2,100,000 and was on the market for 667 days.

Right now there are 223 single family homes on the market in Avalon ranging in price from $699,000 to $11,900.The average time on market is 268 days.

There are now 171 condos for sale in Avalon ranging in price from $185,000 up to $2,200,000 and the average time on market is 109 days.
Nineteen condos are Under Contract in Avalon in July. These range in price from $265,000 up to $1,595,000.
Two condo units Sold and settled in Avalon in July. One listed for $779,000 SOLD for $700,000 after 196 days on the market, and second one had been listed for $929,000 and SOLD for $820,000 .This had been on market 177 days.

What does all this mean to you as a Buyer? It has NEVER been a better time to make the deal of your dreams! Come On Down!
Would you like more information? call me..I Love To Talk Real Estate!