As I started to look at the homes that have sold this year, I became curious as to how many of the sold properties were foreclosures and short sales. That lead me to wonder how many homes that were currently on the market were also foreclosures and short sales.
As of today, Oct. 11, 2011, there are 49 homes for sale in Hamilton Mill. That is the lowest number of available homes in Hamilton Mill that I can ever remember. If we break that down by price range, 21 homes are listed under $300,000 and 27 homes are listed between $300,000 and $500,000. And this is hard to believe, but there is only one home listed in Hamilton Mill above $500,000. Of the 49 homes listed, two are listed in FMLS as foreclosures at $245,000 and $208,000. Eleven of the active listings are short sales with an average sales price of $295,000. There are currently 28 homes pending. That means a contract has been accepted and the contract is binding. Of those 28, pending contracts, 10 are short sales and one is a foreclosure. The other 17 are traditional sales.
See "The Real Estate Notebook" for both archives and a more detailed 3rd Quarter report on Hamilton Mill later this week.
I am available each Sunday 2 -5 pm at the Hamilton Mill Golf Clubhouse as Hamilton Mill's "unofficial" Agent on Duty. If you have questions, please stop in and say hello.