Inwood has experienced a significant increase in home sales during 2012 when compared to 2011.
Inwood has seen an increase in the number of homes sold for the first 8 months of 2012 compared to 2011 of 29 percent.
During the same time period though, the average and median sale prices have both been down.
Currently there are 21 homes for sale in Inwood. The prices range from $222,000 for a 4 bedroom, 2500 sqft home all the way to $949,500 for a 4 bedroom, 5121 sqft home.
Inwood August Home Sales
Inwood seen 5 homes that sold during the month of August. The homes that sold ranged from a 4 bedroom, 2600 sqft home all the way to a 4 bedroom home of over 3700 sqft.
Inwood August Home Sale Prices
Home sale prices during the month of August in Inwood, ranged from a low of $332,000 to a top price of over $469,000. For the month, the average sale price was $410,000 and the median sales price of $439,000. For the year, the average sale price is $412,439, a decrease of 7 percent from 2011, and the median sales price of $368,550, down 16 percent from 2011.
Inwood August Days on Market and Absorption Rate
Home sold days on market during the month of August in Inwood, ranged from a low of 20 days on market to a high of over 82 days on market. For the month, the average days on market was 51 and the median days on market of 50. For the year, the average days on market is 129, the same as last year, and the median days on market of 75, up 34 percent from last year.
Inwood Home Sales by Number of Bedrooms
3 Bedroom Size: 2652 Sqft 5 sold in 2012
Average Sales Price: $323,800 Median Sales Price: $350,000
4 Bedroom Size: 3189 Sqft 30 sold in 2012
Average Sales Price: $403,216 Median Sales Price: $365,000
5 Bedroom Size: 3882 Sqft 3 sold in 2012
Average Sales Price: $449,033 Median Sales Price: $410,000
6 Bedroom Size: 6243 Sqft 2 sold in 2012
Average Sales Price: $717,500 Median Sales Price: $717,500
Inwood Current Listings
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What do you think?
Is there any other information you would like? What are your thoughts on how the real estate market is doing in Inwood? Please let me know what they are in the comments.