More River Run Statistics
October 21, 2008
At Rick Knight’s request I have gathered some more information about Home Sales in River Run Country Club over the last 5 years. The last group of statistics revealed that prices are still up 22% in 2008 from 2004, down only 5% from the high in 2007.
The number of houses sold over those years are as follows:
2004 — 82; 2005 — 90; 2006 — 96; 2007 — 61; and YTD 9/16/2008 — 47 with the slowest part of the year ahead of us. So while prices are holding strong; the number of houses sold has dropped dramatically. So far this year, there have been an average of 5.5 houses sold per month. At least 4 sales per month through the end of the year is what we would need to have the same number as 2007. Currently there are 41 houses on the market in River Run.
In comparison Northstone has had 33 YTD Sold and 45 currently on market — and The Peninsula has had 27 YTD Sold and 72 currently on the market. So River Run still seems to be strong in comparison to other similar neighborhoods.
If you would like to know the probability of selling yout house in Today’s market , give Keith @ ERA Wilder Realty a call at 704-641-8973!
