WL: Homes Sold: Thru 04/30/10
| 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. 4) With the impact of our epic
winter, it is tempting to think about pent up demand. 5)
Pent up supply is the flip side here, with the number of active
listings up 19% in the past 60 days, the resort is headed for record
levels of supply unless demand steps in.
Homes Closed at Wolf Laurel: 2008-2010, (PDF): House by house, since 01/01/08 with features, $/Sq Ft,
lot size,
etc. Through: 04/30/10.
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:
04/30/10.
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 90 homes listed. It is our feeling that as many as 10-12
more homes are currently on vacation from active listings through
withdrawal or expiration from the MLS. Pent up
supply has unleashed itself and bank owned homes are now numerous
enough to put pressure on the resort as a whole.
Median Price: Approximately half of WL
residential listings are priced at $340K or less, (the median).
$/Sq Ft: The range of active listings is
approximately from $73/SF - $318/SF, broken out below. In the
past 120 days, the number of homes priced at $150/SF and less has
doubled.
| List Price - $/Sq Ft |
# Homes Listed |
| Less Than $150/Sq Ft |
28 |
| $151 - $175/Sq Ft |
16 |
| $176 - $200/Sq Ft |
11 |
| Greater Than $200/Sq Ft |
19 |
Wolf Laurel Best Buys:
MLS displays and full photos of all homes at WL listed at $150/Sq Ft
or less. As Of 05/28/10.
Complete Wolf Laurel Listings: All homes currently listed with
basic data and single photo displays. Contact us for detailed
info. As of: 05/28/10.
Methodology: Villas, Mountainside, and The Lodge were
included in total closings, but excluded from calculations for
average sq ft, average lot size, and $/SF.
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WL: Lots Closed Through 04/30/10
| 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: This lot closing was actually 4
adjoining lots with a single buyer.
Inventory For Sale: As this is being written,
there are 62 lots for sale. In 08/09 there were more
than 100 lot 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: 05/28/10.
Lots Closed at Wolf Laurel, (PDF):
Piece by piece from 01/01/08 with salient features. Through:
04/30/10.
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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