It’s time again for a year-end neighborhood real estate market update. Since my mid-year update, no additional homes came on the market in Ironwoods so the stats remain the same. The chart below shows the high, low and average figures for 2008.
Average Stats Based on 6 Sales in Ironwoods
Beds
Baths
SqFt
LP ($)
SP ($)
DOM
High*
4,334
614,900
625,000
113
Low
2,035
415,000
399,000
Average
3,146
529,300
521,416
* This home was new construction.
As a Realtor and neighbor, I am very happy to report that this year sales in Ironwoods were very strong. Overall, sales are down a solid 30% in Chapel Hill and across the Triangle. I was thrilled to see the responsiveness of the market to homes in Ironwoods. All the homes that came on the market in Ironwoods sold quickly and got 98% of their asking price, on average. There was only one house that had a price reduction. Otherwise, the houses were priced right and sellers got most of what they were asking for.
Are you considering selling your home? Would you like to know what your home is worth? Go to TriangleHomeValue.com and provide me with the requested information on your home. I will get right back to you.
If you want to monitor home values in the area, Team Jodi offers this service as well. Check out our Market Snapshot Feature.
