2007 and 2008 Boast more Homes Sold Over $1M in River Run
October 20, 2008
Despite the distress we are hearing from the Financial and Housing Sectors of the US Economy – More homes over $1Million have been sold in River Run in 2007 (3) and 2008 (2YTD) than in 2005 (1) and 2006 (1). And although as noted in a previous blog, our average sales price has gone down 5% since it’s high in 2007 — 76% of houses being sold in River Run for 2008 YTD are $500,000 – $1M +. Compared to 2007 when 80% were over $500,000 – $1M +.
Here are the numbers from 2005 to YTD 2008:
2005 — 39 Houses Sold Under $499,999; 50 Houses Sold $500,000 to $999,999 and 1 Sold over $1M
2006 — 37 Houses Sold Under $499,999, 58 Houses Sold $500,000 to $999,999 and 1 Sold over $1M
2007 — 12 Houses Sold Under $499,999, 46 Houses Sold $500,000 to $999,999 and 3 Sold over $1M
2008 – 11 Houses Sold Under $499,999, 34 Houses Sold $500,000 to $999,999 and 2 Sold over $1M*
*YTD
All Data compiled from MLS
For a Free Market Analysis to see what your home is worth in Today’s Market call Keith @ 704-641-8973 ERA Realty where: “We Will Sell Your House or ERA Will Buy It!”
