September 2011 continued to be active in the Highland real estate market for single family homes. Highland has not experienced the typical slow down usually experienced in late summer/early fall when school starts up again and people have other things on their mind than buying a house. Historically low interest rates have played a role in the uptick of activity as buyer's want to take advantage of the interest rates to get the most bang for their buck in financing. Highland is also experiencing very low inventory of single family homes. Serious buyers know they must be on their toes and when a good property comes on the market....they must bounce quickly....not much time to think about it! It is definatley a seller's market and with the low inventory available it is a great time to put your home on the market!
Highland
# of Sales 10
Median Sales Price $318,250
Average Sales Price $258,350
Average PSF $220
Average DOM 143
Months of Inventory 4.7
West Highland, Sunnyside and Berkeley are experiencing much of the same.....the number of sales has remained fairly consistant through July, August and now September. Again, historically low interest rates and low inventory play a key role in market activity continuing past the season summer sales.
West Highland
# of Sales 16
Median Sales Price $367,500
Average Sales Price $374,500
Average PSF $207
Average DOM 101
Months of Inventory 3.5
Sunnyside
# of Sales 10
Median Sales Price $257,500
Average Sales Price $258, 500
Average PSF $171
Average DOM 171
Months of Inventory 4.3
Berkeley
# of Sales 15
Median Sales Price $309,500
Average Sales Price $325,750
Average PSF $198
Average DOM 108
Months of Inventory 2.6
