Saturday, September 15, 2007

August Market Report- 28209 and 28211

The SouthPark area is well known for its convenience, shopping, quality homes and value.

Average 2006 2007 % Inc/dec
Cost Per SF 198.34 220.68 11.26
# Solds 77 54 -29.87




Average Sales Price $564,046
ATS Index
106.68
Months Inventory 3.57

It is a well deserved reputation. Despite 30% fewer buyers in the market, instead of price decline, prices are up11.26%. Wow. Clearly this is an area newcomers and old timers alike truly love. And the sellers and agents are doing a good job of keeping it real with an ATS of 106%. Inventory at 3.5 reflects the far fewer buyers in this market in August 2007.
See recent pictures of the SouthPark here.

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