HometownGeorgetown.com

As we approach the holidays, residential real estate activity noticeably slows. Not many people want to contemplate packing up the tree and all its ornaments before the big day. However, we did see a number of deals close this week, and even more homes went into pending status when an offer was made and accepted. I’m picturing some big romantic gestures such as an enormous red bow wrapped around a new house. (I have an active imagination.)

27 new residential listings came on the market over the past week, ranging in price from just under eighty thousand dollars to just under eight hundred thousand. The average list price of new listings is $230,518.

For those homes that sold this week, the average sales price was $171,350. The sales prices ranged from around $30,000 to just under $270,000. The home that sold for around $30,000 was a mobile home that was sold via auction. Someone got a heck of a deal. Timing is everything.

The 23 homes that went into Pending status were on the market an average of 147 days. That’s more than four months. Remember that when it comes time for you to sell your home - don’t bank on it selling immediately. Real estate is an excellent investment, but it’s not liquid. As I said, timing is everything. Your house needs to be on the market at the precise moment that someone is looking for a house just like that. (You can increase your odds of selling quickly by lowering the price. People are willing to overlook not-dreamhouse factors more readily when the price is low enough.) As I said, timing is everything.