Traders Point Real Estate Market Report - October 2008
For the month of October, there were 14 homes sold and closed in Traders Point, compared to 5 homes sold in September. Of the 14 homes sold in October, 2 were homes which were bank owned home sales. Theree are currently 15 active bank owned, short sale or distressed properties for sale.
The highest price home sold was $635,000 for a five bedroom, 7 bath home with 4553 square feet.
The lowest priced home sold was $76,750 for a three bedroom, two bath home with 1302 square feet.
The average home sold in Traders Point was a three bedroom, two bath with 2532 square feet.
The average Days on Market for homes sold was 108 days, up from 82 days last month.
There are currently 112 available homes for sale in Traders Point, which gives us an absorption rate of 8 months. Average days on market and absorption rate will vary by price range.
