Market Update – June 2009
The June mark is a good time to assess how our market is holding up. Over the past year, there have been 5 properties sold, with most of these homes having under 3,000 square foot living area. Our average price per square foot is now up to $119.00. If you remember from my previous post, this is up from $104/sq ft.
North Hill has always been a desirable neighborhood, and I think the average Days on Market reflects that, with the average being 31 days (over the past year). Pricing is always a key factor in determining the length of time a property sits on the market, and these houses have demonstrated that if the property is priced right, it will sell. These homes sold an average of 96% of listing price.
For a 2443 sq ft house (heated and cooled), the value is currently at $290,717. This is great news for our community, because we have continued to appreciate in value over the past year.
If you have any questions about today’s market, or the figures from above, please call Michelle Fradella at Pinnacle Real Estate Services – 601-799-1848 or 601-569-0075.
Thank you for visiting my site! If you want to find out more about Buying and Selling Homes in Picayune and the Pearl River County, MS, area, go to WWW.PRCHOMES.COM
house values, market update, mississippi, ms, north hill | PicayuneHomefinder June 11, 2009
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