REAL ESTATE ROUNDUP: When is the last time we saw this — homes selling for above asking price?
It happened in Wedgwood in May.
Before getting to enthusiastic about the market, however, it should be noted that while six of the 10 homes sold during the month went for above asking price, all were eligible for the recently expired federal tax credit because their contracts were signed in April. Also it should be noted that all in all, the 10 homes sold for an average of just above asking price — a cumulative of 101 percent above.
Here’s a quick snapshot of Wedgwood and View Ridge (information courtesy of Windermere agent Liz Nitz).
VIEW RIDGE
Homes sold: 6
Median sales price: $724,000 (99.4 percent of asking price)
Pending sales: 5
Average days on market: 71
Homes currently on market: 9, median price at $639,9500
In May of 2009, View Ridge had four homes sold, six sales pending and 25 on the market.
WEDGWOOD
Homes sold: 10
Median sales price: $497,475 (101 percent of asking price)
Pending sales: 6
Average days on market: 147
Homes currently on market: 43, median price at $439,950
Wedgwood
In May 2009, Wedgwood had three home sales, 10 sales pending and 24 on the market.
