I wish I could say this post was filled with juicy bits of real estate info, like who made a killing flipping homes last year, or the best buy in real estate in the East Extern bar none. Too bad I don’t have that info, instead its insider stats. I know. I just lost half of you. But for those who stick around you will be better equipped to buy or sell a home in the East Extern.

It's a Seller's Market in the East Extern

For instance right now there are 69 single-family homes on the market in the East Extern, the average listing price is $346,800 and the average number of days on the market is 109. On average there were 20 sales per month in the first three quarters of 2009. At that rate there is 3.5 months supply of single-family homes on the market. Generally speaking, less than a six month supply of inventory means it's a Seller's Market.

That means it's an excellent time to sell your home. Contact me to discuss how to get sell your home for top dollar or click here to request an online  Complimentary Market Evaluation.

How is the East Extern Market Performing Compared to 2008?

I took some time to compare the single-family home sales in the first three quarters of 2009. with the same period in 2008. That analysis showed that the price of single-family homes had increased by 8% in 2009, and that the number of homes sold had decreased by 25% from 2008.

Month by Month Performance

The table and graphs below show how the market performed in the East Extern month by month.

 

Are you still with me? Sorry it's all so ... well, statistical. It takes a better writer than me to make this type of information appealing.

These figures really are a broad brush stroke of the East Extern. It is likely that the individual communities (Portugal Cove-St. Philips, Torbay, Middle Cove-Outer Cove-Logy Bay, Flat Rock, and Pouch Cove) that make up the East Extern performed differently than the average. If you would like information by community please contact me. I'd be happy to help.