WL: Homes Sold: Thru 03/31/10
| Item |
10 Yr Avg |
2006 |
2007 |
2008 |
2009 |
2010 YTD |
| Homes Sold |
42 |
47 |
30 |
16 |
16 |
3 |
| Avg. Sq Ft |
- |
2,091 |
2,358 |
2,434 |
2,095 |
1,865 |
| Avg. $/Sq Ft |
- |
$160 |
$174 |
$173 |
$145 |
$130 |
| Avg. Lot Size |
- |
0.76 |
0.77 |
1.12 |
0.97 |
0.57 |
| Avg. Price |
- |
$334,560 |
$410,292 |
$421,082 |
$303,000 |
$237,500 |
Homes Sold- Key Trends: 1) Average SF
declined by 14%, 2) $/SF declined by 16% and, 3)
Average sale price declined by 28%. These indexes continue to
fall at 2-3 times national rates. With the impact of our epic
winter, it is tempting to think about pent up demand.
Homes Closed at Wolf Laurel: 2008-2010, (PDF): House by house, since 01/01/08 with features, $/Sq Ft,
lot size,
etc. Through: 03/31/10.
WL Homes Closed Over $500K,
(PDF): Organizing this market segment from 2006 to present
according to traits of homes
that have closed, location, lot size, $/Sq Ft, etc. Last Update:
03/31/10.
Jump To Lot Closings
Nature of Active Home Listings
WL Inventory For Sale: Triple what was
once considered normal. As this is being written there are
approx 80 homes listed. It is our feeling that as many as 15
more homes are currently on vacation from active listings through
withdrawal or expiration from the MLS. The idea of pent up
supply, which we have been writing about for more than 2 years
regionally, now looms locally. We see a chance for more than
100 residential listings this summer, a new high.
Median Price: Approximately half of WL
residential listings are priced at $350K or less, (the median).
This number has declined by 25% in the past 90 days.
$/Sq Ft: The range of active listings is
approximately $47 - $318/SF, as indicated below. In the past
120 days, the number of homes priced at $150/SF and less has
doubled. This has occurred at the expense of higher $/SF
categories.
| List Price - $/Sq Ft |
# Homes Listed |
| Less Than $150/Sq Ft |
25 |
| $151 - $175/Sq Ft |
19 |
| $176 - $200/Sq Ft |
11 |
| Greater Than $200/Sq Ft |
14 |
Methodology: Villas, Mountainside, and The Lodge were
included in total closings, but excluded from calculations for
average sq ft, average lot size, and $/sq ft.
Wolf Laurel Best Buys:
MLS displays and full photos of all homes at WL listed at $150/Sq Ft
or less. As Of 04/26/10.
Complete Wolf Laurel Listings: All homes currently listed with
basic data and single photo displays. Contact us for detailed
info. As of: 04/26/10
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WL: Lots Closed Through 03/31/10
| Item |
10 Yr Avg |
2006 |
2007 |
2008 |
2009 |
2010 YTD |
| Lots Sold |
50 |
153 |
40 |
8 |
6 |
1 |
| Avg. Size |
- |
- |
- |
0.71 |
0.78 |
3.05 |
| Avg. $/Acre |
- |
- |
- |
$57,950 |
$50,450 |
$49,180 |
Note: The single lot closing above was
actually 4 adjoining lots.
Inventory For Sale: As this is being written,
there are 61 lots for sale. As recently as 08/09 there were more
than 100 listings. As with homes for sale, the notion of pent
up supply seems ready to make itself known. Any expression of
inventories in terms of months of supply would be without meaning in
our opinion.
WL Lots Currently For Sale: Data and single photo displays of
all lots for sale: As Of: 04/26/10
Lots Closed at Wolf Laurel, (PDF):
Piece by piece from 01/01/08 with salient features. Through:
03/31/10.
Old Wolf Laurel Charts Here.
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Data Source: Regional MLS, deemed reliable, not guaranteed.
Copyright, Black Bear Realty, Inc, all rights
reserved. Reproduction, redistribution in any form, even for non
commercial purposes, must be done with permission and attribution.
Contact:
Info@BlackBearRE.com
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