The second quarter sales in The Roads gave a stellar performance and are evidence that the market is on the upswing. 12 homes closed during the second quarter of this year in The Roads neighborhood. The closing prices averaged out at $155 x SF.
600 SW 19 Rd Sold for $310,000
Half of properties sold were foreclosures and shortsales, a reality that has dominated our market for the past 3 years.
The lowest point for second quarter sales seems to have been 2010 when only 6 homes sold and the average sales price was $128 x SF. Back in 2007 only 3 homes sold during this quarter but at a substantial $259 x SF.
With inventory significantly reduced price are bound to maintain their slow yet steady rise. This is good news for sellers.
If you are considering selling your property this could be a great moment to place your home for sale. I follow the market closely and can give you some good advice. Please call or email me to get a complimentary evaluation of how much your property can sell for.