MARKET SNAPSHOT End April 2011

As we approach the end of April 2011, the market remains constipated in Applecross and Mount Pleasant.

Existing FOR SALE MARKET

1)    Applecross    

·         161 properties for sale

·         170.1 average days on market (to not sell)

·         $2,189,175 ave. asking price

2)    Mount Pleasant        

·         79 properties for sale

·         146 average days on market (to not sell)

·         $1,426,073 ave. asking price

2011 SOLDS

1)    Applecross              

·         43 sales   

·         Value $36,898,000

·         Average sale $1,419,154

·         121 average days on market to sell

2)    Mount Pleasant        

·         46 sales   

·         Value $30,601,000

·         Average sale $1,176,962

·         142 average days on market to sell

SUMMARY- At the risk of sounding like a broken record, price right, choose a pro-active agent, market well, be pragmatic and look at all offers on merit. If you don't need to sell, DON'T.

Thanks and see you in the market place....IB (ed)