English Turn: August 2008 Home Sales and Real Estate Market Reports

Current English Turn real estate market statistics as of 9/10/2008:

• 44 active listings, priced from $407,900 to $1,595,000
• Average list price of $623,913
• 1 pending sale (accepted, but still showing) priced at $429,000
• 2 under contract listings, priced at $649,000 and $749,000
• Based on August sales, there is an 11 month supply of homes for sale in English Turn, well above the 6 month supply of a balanced real estate market

English Turn - Number of Homes Sold August 2008

Based on historic monthly sales in English Turn, I anticipate that we’ll see another 10-12 closings before the end of the year since the last 3 months have tracked closely to the 5 year averages of sales in the community.

English Turn - Average Home Sales Price August 2008

The average sales price in English Turn continues to jump around each month, and ended August at $564,375.  The 2008 year to date average sales price is $576,849, continuing the price declines we experienced in 2007, but still performing better than 2005.

All information is compiled from data provided by GSREIN and is deemed reliable, but not guaranteed.

Are you considering selling your English Turn home?  Contact Lisa Heindel for a confidential market analysis.  I’d be happy to share my online marketing plan designed to expose your listing the greatest number of qualified buyers.

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

English Turn Home Sales and Real Estate Absorption Rates for August 2008

English Turn Real Estate Absorption Report as of 8/18/2008

• The supply of homes for sale in English Turn dropped from 17.8 months in mid July to 10.8 months today
• Of the 3 sales between $400-500,000 in the last 90 days, 2 of those were originally priced over $500k
• In the last 30 days, sales in the $500-750,000 price range showed the most activity

The odds below are an estimate, not a guarantee that your home will sell in this time frame

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 West Bank real estate.

Related Reading:

What Is A Real Estate Absorption Rate?

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

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

Please Make Your Home Easy to Show!

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

English Turn: July 2008 Real Estate Absorption Report

The overall supply of homes in English Turn is down from the 21.5 months observed in mid-May 2008, even though the number of available listings has increased.

• Homes sold per month has risen from 2 to 2.7, indicating an increase in buyer interest in the area
• More English Turn home sellers are pricing under $500,000 which is a smart move given that the demand for homes in that price range is higher than demand for the upper end

English Turn Real Estate Absorption Rates as of 7/21/2008

The odds listed here are an estimate, not a guarantee that your home will sell in this time frame

Data is supplied by Latter & Blum Inc and is deemed reliable, but not guaranteed.

Are you considering selling your English Turn home?  Contact Lisa Heindel for an experienced, local West Bank real estate agent who can assist you in preparing and pricing your home for todays market.

Related Reading:

What Is A Real Estate Absorption Rate?

Choosing a Tech Savvy REALTOR® to Sell Your West Bank Home

Make Your Home the Star of the Neighborhood - Stage It!

English Turn: June 2008 Home Sales and Real Estate Market Report

English Turn Homes for Sale as of 7/2/2008

• 46 active listings, priced from $419,000 to $1,595,000
• 4 pending listings (offer accepted but still showing) priced from $429,000 to $485,000
• 1 open predication listing priced at $585,000
• 3 under contract listings priced from $428,900 to $649,000
• Based on June 2008 sales, there is a 9.2 month supply of homes for sale in English Turn, still above the 5-6 month supply of a balanced real estate market but significantly lower than the almost 2 year supply projected last month.

English Turn Home Sales - July 2007 through June 2008

English Turn Average Home Sales Price - July 2007 through June 2008

• The average English Turn home sale price for June 2008 was $742,500, up from $611,000 in May.  This increase is almost completely related to a $1.2 million home sale in June.  The pending and under contract listings continue to show that the highest level of buyer interest remains in the under $500,000 price range.
• The average days on market for English Turn homes sold in June 2008 was 213 days.

For a detailed market analysis of your English Turn home, contact Lisa Heindel, your West Bank real estate specialist.

Related Reading:

English Turn- June 2008 Real Estate Absorption Rates

English Turn - Monthly Real Estate Market Reports

Make Your Home the Star of the Neighborhood - Stage It!

Here’s the disclaimer part:  The opinions expressed here are strictly those of the author, but you are free to share yours in the comments.  All information is deemed reliable but not guaranteed.

Copyright 2008.  Lisa Heindel, All rights reserved.

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