Wednesday, September 23, 2009

Prescott Glen Lexington SC - Neighborhood Activity Report Aug. 2009

Prescott Glen Neighborhood - Lexington SC
Homes Sold Report August 2009




Average List: $240,657 Average SQFT: 2693 Average $/SQFT: $89

Average Sold: $234,417
Average DOM: 117 Average SOLD $/SQFT: $87

Total Homes Sold Currently in Prescott Glen 2009: 12

What do all these number mean for the homeowners of Prescott Glen? Home prices are stabilizing based on the negotiation discount average of 2.6% from the list price. The average range in a normal market is between 2-3% if the home was priced correctly. Back when the home market was in decline, it was around 4-6% reduction from the list price or more. Days on the market (DOM) is average to 3 months. A well priced home on average to be on the market 3-4 months. The home market is picking back up in Lexington SC but better for homes less than $200,000. The pool of home buyers for above $200,000 is more from our local buyers rather than relocation from other states.


Prescott Glen Lexington SC Real Estate – Nelson Bermas, REALTOR®
Your Prescott Glen Specialist in Lexington South Carolina for all your Real Estate Needs. Search all MLS Properties in the area or call me direct at (803) 414-5677.
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