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WL: Homes Sold: Thru 09/30/09
| Item |
2006 |
2007 |
2008 |
2009* |
| Homes Sold |
47 |
30 |
16 |
16 (+/-)* |
| Avg. Sq Ft |
2,091 |
2,358 |
2,434 |
1,966* |
| Avg. $/Sq Ft |
$160 |
$174 |
$173 |
$176* |
| Avg. Lot Size |
0.76 |
0.77 |
1.12 |
0.96* |
| Avg. Price |
$334,560 |
$410,292 |
$421,082 |
$346,016 |
*Projections from sales thru 09/30/09, and
historical patterns for Q4.
Jump To Lot Closings
# Sq Ft: Declined by 20% this year,
consistent with national trends.
Total WL Housing Market: Contracted since
2006 by 66%, whether measured by number of homes, or total dollars.
WL Inventory For Sale: In raw numbers,
triple what was once considered normal. Months of
Supply stands at 62.2.
Nature of Active Listings: Approximately half
of WL residential listings are priced at $420K or less, (the
median).
The median has contrarily risen from $390K in recent months. Subjectively,
this seems to be caused by the impact of listings expiring or
withdrawn, or new, rather than strength in prices.
$/Sq Ft: The range of active listings is
approximately $97 - $347/Sq Ft as indicated below.
| List Price - $/Sq Ft |
# Homes Listed |
| Less Than $150/Sq Ft |
15 |
| $150 - $175/Sq Ft |
21 |
| $175 - $200/Sq Ft |
18 |
| Greater Than $200/Sq Ft |
22 |
Methodology: Villas and The Lodge were
included in total closings, but excluded from calculations for
average sq ft, average lot size, and $/sq ft.
Homes Closed at Wolf Laurel,
(PDF): House by house, since 01/01/08 with features, $/Sq Ft,
lot size,
etc. Last Update:
09/30/09.
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:
09/30/09.
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WL: Lots Closed
| Item |
2006 |
2007 |
2008 |
2009* |
| Lots Sold |
153 |
40 |
8 |
8 (+/-) |
| Avg. Size |
tbd |
tbd |
0.71 |
0.78 |
| Avg. $/Acre |
tbd |
tbd |
57.95K |
50.45K |
*Projections based on sales through 09/30/09 and
historical patterns for Q4.
Current Months of Supply stands at 179.0,
really not much more to say.
Land Closed at Wolf Laurel, (PDF):
Piece by piece from 01/01/08 with salient features.
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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