The Inwood community saw double digit increases in homes sold and the time that it took for homes to sell during 2012. The area did experience a decrease in sale prices of homes when compared to 2011.
Inwood has seen an increase in the number of homes sold for 2012 compared to 2011 of 30 percent.
During the same time period though, the average and median sale prices have both been down, 4 and 6 percent.
Currently there are 11 homes for sale in Inwood. The prices range from $315,000 for a 4 bedroom, 2400 sqft home all the way to $850,000 for a 5 bedroom, 4800 sqft home.
Inwood December Home Sales
Inwood seen 6 homes that sold during the month of December . The homes that sold ranged from a 3 bedroom, 2100 sqft home all the way to a 4 bedroom home of over 3800 sqft.
Inwood December Home Sale Prices
Home sale prices during the month of December in Inwood, ranged from a low of $220,000 to a top price of over $460,000. For the month, the average sale price was $328,750 and the median sales price of $327,750. For the year, the average sale price is $383,236, a decrease of 4 percent from 2011, and the median sales price of $353,000, down 6 percent from 2011.
Inwood December Days on Market and Absorption Rate
Home sold days on market during the month of December in Inwood, ranged from a low of 38 days on market to a high of over 346 days on market. For the month, the average days on market was 149 and the median days on market of 103. For the year, the average days on market is 115, down 42 percent from last year, and the median days on market of 58, down 22 percent from last year as well.
Inwood Home Sales by Number of Bedrooms
3 Bedroom Size: 2652 Sqft 10 sold in 2012
Average Sales Price: $291,300 Median Sales Price: $245,250
4 Bedroom Size: 3137 Sqft 40 sold in 2012
Average Sales Price: $387,762 Median Sales Price: $354,000
5 Bedroom Size: 3706 Sqft 5 sold in 2012
Average Sales Price: $397,200 Median Sales Price: $370,100
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.