Community Corner
Home Sales in September and October Remain Steady
A look at the local housing market.
As we go into the 4th quarter of 2011, the market remains steady.
Homes under contract that are short sales or foreclosures, are taking longer to go to closing because the banks take time to make decisions and negotiate. Where a regular sale could close in 30-45 days, the short sales could take a few months.
In comparing the real estate market to last year (2010) for the 3 quarters, the figures show Riverdale Park had a decline in sales (approximately 24 percent) and a decline in price (approximately 28 percent) for the first 3 quarters of 2011. University Park remained stable in sales and a decline in price (approximately 12 percent) over the same time period.
Find out what's happening in Riverdale Park-University Parkwith free, real-time updates from Patch.
Riverdale Park, September:
Find out what's happening in Riverdale Park-University Parkwith free, real-time updates from Patch.
$51,500
$146,900 Sold 2 $179,000 $109,900 $144,450University Park, September:
$230,000 $384,000 Under Contract 3 $418,500 $230,000 $324,250 Sold 1 $230,000
$230,000 $230,000
Riverdale Park, October:
Type of Listing No. of Homes High Price Low Price Median Price Active 14 $399,900 $51,500 $163,000 Under Contract 8 $249,900 $51,500 $146,900 Sold 3 $112,00 $79,900 $90,000University Park, October: