WELCOME BURLINGTON BUYERS AND SELLERS! Let's take a look at how 2012 inventory is stacking up for the Burlington area as we start into the first weekend of the NEW YEAR. Today, January 8th, we have 90 single family homes for sale in the Burlington area of which the average list price is $194,741. The average days on market expectation for these homes before they sell is now at 170 days, so sellers take note! We also should point out that there are currently 24 Burlington sales pending right now, with an average sale price of $156,224 and an average days on market of 179. Burlington seems to be holding steady!
The true litmus test for predicting marketing analytics is found in Burlington homes that have sold in the last 6 months. These are the homes that the appraisers are looking for as new comparatives to rank new appraisals in the market. So if we take a look at the solds for the area, we find that 106 Burlington homes were sold with an average list price of $159,149 and an average sale price of $154,298. That means there was only a 3% spread between asking and final sales price...something to note if you are buying or selling in this market. By the way, the average days on market for these last 6 months was 107 days, just under 2 months of projected new sales.
However, there is one element that is helping to push healthy sales in this area, at least for awhile....and that is the great weather this area has been enjoying! The phones are ringing and the deals are out there. You might even want to check out the latest Burlington foreclosure list!
All the best in 2012! Proceed with knowledge and be empowered to make the right decisions in all your real estate transactions.
NORTHERN KENTUCKY Real Estate Sales - Cathy Miles Realtor®
CINCINNATI, OHIO Real Estate Sales - Cathy Miles Realtor®
I specialize in helping buyers and sellers with their real estate needs in Northern KY (Florence, Erlanger, Union, Richwood, Burlington, Hebron, Taylor Mill and surrounding areas) and in Cincinnati, OH (Hyde Park, Oakley, Clifton, Mt. Adams and surrounding areas). With passion, I invite you to board my boat for your next destination and allow me the opportunity to help you navigate the ever changing currents of this incredible market!
just ask cathy...513.673.7726
Helping to educate buyers & sellers to make sound real estate decisions.
KY /OH Realtor®/EXIT/www.mileshometeam.com / I-Fax: 888.398.3974 /firstname.lastname@example.org