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Sully Station Activity

Sully Station Activity

   January was slow in the single-family home sector, as none were listed and only one sold. That is one less than sold in January of 2015. February was much stronger, with 5 single family homes coming on the market and 3 coming under contract.  That is one more under contract than the same time last year.  The townhome market did better, with 4 being listed and 6 coming under contract in January and 8 listed and 6 coming under contract in February.  Inventory was carried into the new year, which is why there are more sales than listings in January.  There are 9 townhomes currently in under contract status, coming under contract in an average of 26 days on market, listed at an average LIST price of $406,866.  This is an improvement over the 3 townhome sales in January and 4 in February of 2016.  There are 3 townhomes listed currently at an average LIST price of $419,500.  Currently, there are 2 End Units with garages in under contract status, Listed at an average LIST price of $417,250.  There is 1 End Unit without a garage in under contract status, listed at an average LIST Price of $399,990 and 1 currently active listed at $449,000.  There are 2 non-garage interior units in under contract status, listed at an average LIST price of $397,250.  There are 4 garage interior units in under contract status listed at an average LIST price of $408,200 and 2 are currently available at an average LIST price of $404,750.  With 6 homes coming under contract and only 3 currently active, that gives us about a 15-day absorption rate, which is just about as good as you can hope for.  I look for more inventory to come on in the month of March and I feel there is some pent-up demand that should absorb most of it.  A lot will depend on the weather of course, as cold temps or snow slow it down dramatically.  I am keeping my fingers crossed that the weather will be good and we can get our market underway!  As our market continues to unfold, I will, as usual, keep you informed.  

SULLY STATION 2017

 Townhomes

 

 

 










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