What happened in the first quarter of 2009 in the Gates of McLean? The good news is that there were 4 SOLD properties. Those properties were actively on the market an average of 53 days, and they sold for an average of -5.42% (that minus in front means negative). There was also an average of $500 seller subsidy (also referred to as closing cost help from seller to buyer).
What types of sales were these 4 transactions?
Regular Sale = 2
Short Sale = 0
Bank Owned Property = 2
What style homes were these 4 properties?
1 Bedroom = 1 (Danielle)
2 Bedroom = 2 (Logan + Dalton)
3 Bedroom = 1 (Christine Model)
How does this compare to the same time last year?
Last year there were only 3 properties sold in the same time period. And they sold for an average of -6.5% (yes, also negative) of their list price, in an average of 85 days on the market. They also had an average of $1333.33 in seller subsidy. So you could say that things are picking up considering the same time comparison to last year. Let's hope that trend continues!
Below is a graphic of the sold properties I've mentioned, plus those that did not sell, and those that are under contract, or for sale right now at the Gates of McLean.
(Data is from MRIS and represents multiple listings from multiple brokers)
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