Prices Still Way up in River Run from 2004
October 21, 2008
At the peak in 2007 the average price of homes sold in River Run was $658,000 — a whopping 27% more than the 2004 average price of $518,000. With the slowdown in the market and the pain in the housing market in other parts of the country, where many of our newcombers are coming from — we are still holding our own with only a 5% dip in the average sales price YTD in 2008. The average selling price this year is still a very healthy 22% up from 2004 at $634,000. Hopefully with the election in November, and the government’s participation with Fannie Mae and Freddie Mac, we will start to see some recovery in the first quarter of 2009! But we still should be quite happy with our investments still holding strong in River Run.
Written by: Keith Bayless, Realtor, ERA Wilder Realty, Cornelius, NC
For a Detailed Report on the Value of Your House — Call Keith at 704-892-7373 or 704-641-8973!
