{"id":32859,"date":"2010-03-25T13:38:20","date_gmt":"2010-03-25T13:38:20","guid":{"rendered":"http:\/\/forestridgevoice.com\/2010\/03\/25\/forest-ridge-real-estate-update\/"},"modified":"2019-04-23T20:54:24","modified_gmt":"2019-04-23T20:54:24","slug":"forest-ridge-real-estate-update","status":"publish","type":"post","link":"https:\/\/ewmrealestate.com\/blog\/forest-ridge-real-estate-update\/","title":{"rendered":"Forest Ridge Real Estate Update"},"content":{"rendered":"<div class=\"mceTemp\"><img loading=\"lazy\" class=\"alignleft size-medium wp-image-521\" src=\"http:\/\/forestridgevoice.com\/files\/2010\/03\/Armagedon-clouds-300x200.jpg\" alt=\"Armagedon clouds\" width=\"300\" height=\"200\" \/>Have we reached our real estate day of reckoning or is Armagedon upon us?\u00a0 Experts all over the country have posted different views about this subject.\u00a0<\/div>\n<div class=\"mceTemp\">\u00a0As specialist in real estate sales in Forest Ridge my job is to analyze sales so I can accurately guage the value range of homes in this communty.\u00a0\u00a0 This is a general market anlaysis, using statistics from the Multiple Listing Service from the last 90 days (January 1, 2010 &#8211; March 25, 2010).<\/div>\n<div class=\"mceTemp\">Out of the 27 properties that are currently active, pending or sold during this time frame, the <strong>highest listing price is $599,900<\/strong> and the <strong>highest selling price is $480,000.<\/strong>\u00a0\u00a0The <strong>average list<\/strong> <strong>price is $395,622<\/strong> and the <strong>average sale price is $284,900.<\/strong>\u00a0 Taking into account that these properties range in size from 3,140 sq. ft. of living space to 1,318 sq. ft. of living space the <strong>average price per sq. ft. is $167.00 for listed<\/strong> <strong>properties<\/strong> and <strong>$150.00 per sq. ft. for sold properties, <\/strong>\u00a0with the highest being $176 per sq. ft. and the lowest being $119.00 per sq. ft.<\/div>\n<div class=\"mceTemp\">Most recently the home at <a href=\"http:\/\/sef.mlxchange.com\/SEFimages\/247\/F1049847_101_12.jpg\">3091 Perriwinkle Dr<\/a>. <strong>sold for $283,000<\/strong>.\u00a0 This was an arms length transaction, not a short sale or a bank owned property. \u00a0It had approximately 2000 sq. ft. of living space, \u00a0three bedrooms, 2 baths situated on a 8,250 sq. ft. lot.\u00a0 It needed TLC according to the MLS.\u00a0\u00a0 The price per sq. ft. was approximately $143.00.\u00a0\u00a0 In Chapel Hill, <a href=\"http:\/\/sef.mlxchange.com\/SEFimages\/52\/F1034292_101_12.jpg\">2982 Myrtle Oak Circle<\/a>, a sale took place on March 17, 2010.\u00a0 It was a bank owned property and it <strong>sold for $210,000<\/strong>.\u00a0 The house\u00a0had\u00a0 1,318 sq. ft. of living space, 3 bedrooms, 2 baths and was located on a 4,775 sq. ft. lot (zero lot line).\u00a0 The price per sq. ft. was approximately $159.00.\u00a0<\/div>\n<div class=\"mceTemp\">For the past two months, the <strong>average sales price in Broward County for single family homes has been $263,000.\u00a0 Forest Ridge sales are above average at $284,900.<\/strong><\/div>\n<div class=\"mceTemp\">If you are tossing around the idea of selling\u00a0your home now or waiting for a <em>better<\/em> market you should read\u00a0an interesting blog written by Steve Harney, one of America&#8217;s foremost experts in real estate.\u00a0 Steve tell us an interesting story in the article <a href=\"http:\/\/kcmblog.com\/2010\/03\/24\/5-good-reasons-to-sell-your-house-now\/\">5 Good Reasons to Sell Your House Now<\/a>.\u00a0\u00a0 Steve says there is &#8220;<em>no good news or bad news, there is<\/em> <em>just news!&#8221;\u00a0 <\/em><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Have we reached our real estate day of reckoning or is Armagedon upon us?\u00a0 Experts all over the country have posted different views about this subject.\u00a0 \u00a0As specialist in real estate sales in Forest Ridge my job is to analyze sales so I can accurately guage the value range of homes in this communty.\u00a0\u00a0 This<\/p>\n<p class=\"more-link\"><a href=\"https:\/\/ewmrealestate.com\/blog\/forest-ridge-real-estate-update\/\" class=\"themebutton2\">Read More<\/a><\/p>\n","protected":false},"author":5759,"featured_media":130092,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[11767],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.0 - 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