English Turn: July 2008 Homes Sales and Real Estate Market Reports

Current real estate market statistics for English Turn:

• 44 active listings, priced from $409,000 to $1,595,000 (average list price of $642,866)
• 1 pending sale (offer accepted but still showing), priced at $429,000
• 1 open predication (waiting on buyers home to sell), priced at $449,000
• 6 under contract listings, priced from $499,000 to $759,000
• Based on July sales, there is a 22 month supply of homes for sale in English Turn, bouncing way up from the 9.2 month supply at the end of June.  This change can be directly attributed to the drop in the number of sold homes from 5 in June to 2 in July and also shows how fluid the absorption rate is even when there is just a slight change in the market.

English Turn - Number of Homes Sold July 2008

• The average days on market for sold English Turn homes in July was 201 compared to 213 in June

English Turn - Average Home Sales Price July 2008

The average home sale price in July was $459,000, down from $742,500 in June.  This is the lowest average sale price for the community since I started tracking them in February 2007.  Most of this drop in sales price is accounted for by repossessed homes and those needing a good deal of updating, but this tends to put downward pressure on other home sales in the neighborhood. 

Need more information about English Turn home sales?  Contact Lisa Heindel.  I’d be happy to give you all of the information you need to make the right choices when buying or selling on the West Bank.

All sales information provided by GSREIN and is deemed reliable, but not guaranteed.

Related Reading:

English Turn- July 2008 Real Estate Absorption Report

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Copyright 2008. All rights reserved. Lisa Heindel/West Bank Living