Real Estate Report: 2011 Mid-Year

I know I posted this on the Foremaster FaceBook page last month, but I'm sure you'll want to see it on this Blog as well.

Year Over Year Comparison 2010-2011

January to June Foremaster Ridge and East Ridge

Real Estate Statistics

Residential Single-Family Homes

Source : Washington County MLS

These figures show us that Foremaster-East Ridge is beginning to recover from the downturn.  It was great to see the vacant and unfinished homes completed and sold. Without those homes on the market, the general value of homes will improve, and that is also shown in the numbers giving us, at least to the end of June, a 24% increase in the average sale price and a 15% increase in the median sale price.  A decrease in the number of homes available for sale, as noted in the statistics, will add to the increase of home values in our neighborhoods as well, as the law of supply and demand improves in our favor.