Home sales for Inwood continue to exceed 2011 numbers. While sale prices are currently below last year, they have been closing the difference and may end up meeting or exceeding last year.
Inwood has seen an increase in the number of homes sold for the first 10 months of 2012 compared to 2011 of 18 percent.
During the same time period though, the average and median sale prices have both been down, 2 and 9 percent.
Currently there are 19 homes for sale in Inwood. The prices range from $225,000 for a 3 bedroom, 2100 sqft home all the way to $879,000 for a 4 bedroom, 5100 sqft home.
Inwood October Home Sales
Inwood seen 2 homes that sold during the month of October. The homes that sold ranged from a 3 bedroom, 3900 sqft home all the way to a 4 bedroom home of over 2700 sqft.
Inwood October Home Sale Prices
Home sale prices during the month of October in Inwood, ranged from a low of $305,000 to a top price of over $364,000. For the month, the average sale price was $334,500 and the median sales price of $334,500. For the year, the average sale price is $402,088, a decrease of 2 percent from 2011, and the median sales price of $363,000, down 9 percent from 2011.
Inwood October Days on Market and Absorption Rate
Home sold days on market during the month of October in Inwood, ranged from a low of 22 days on market to a high of over 85 days on market. For the month, the average days on market was 53 and the median days on market of 53. For the year, the average days on market is 122, down 40 percent from last year, and the median days on market of 82, up 5 percent from last year.
Inwood Home Sales by Number of Bedrooms
3 Bedroom Size: 2802 Sqft 7 sold in 2012
Average Sales Price: $316,929 Median Sales Price: $350,000
4 Bedroom Size: 3165 Sqft 32 sold in 2012
Average Sales Price: $398,265 Median Sales Price: $359,000
5 Bedroom Size: 3801 Sqft 4 sold in 2012
Average Sales Price: $424,000 Median Sales Price: $390,050
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.