The market has begun to slow down as we get closer to the holiday season. Sales were a little lower than October which is normal for this time of the year. The biggest decrease is from November 2009 with 75 homes sold to this November with only 55 homes sold which is directly related to the First Time Home Buyer Tax Credit. That is a 27% drop in sales! Last November there was a big push to get to the closing table prior to the end of November to beat the Tax Credit deadline which was due to expire on November 30, 2009. The only incentives to buy right now are historically low interest rates and low housing prices. Here are the Stats for November 2010:Grovetown Total:
- 55 Homes Sold
- $169,719 Average Sales Price
- $79.22 per square foot average
- 139 Days on Market Average
Grovetown 2CO:
- 25 Homes Sold
- $180,652 Average Sales Price
- 129 Days on Market Average
Grovetown 4CO:
- 30 Homes Sold
- $160,608 Average Selling Price
- 148 Days on Market Average
Continuing the trend in new construction High Meadows came out on top with 7 new homes sold during November in the Grovetown 2CO area. High Meadows may continue this trend into the new year but with the neighborhood entering its final phase of construction we should see a new leader during the summer months of 2011. Canterbury Farms was the leader in the Grovetown 4CO area with 6 homes that sold. I expect Canterbury Farms to do well into next year with the addition of several new sections in that neighborhood.If you are looking to buy a home, please visit my website www.AugustaHomeHunter.com to begin your search!
Susan MacEwen, Realtor Your Grovetown Home Hunter! Keller Williams Realty Augusta Partners Mobile: 706-294-6795 Office: 706-868-3772 x207