Inwood continues to see increases in home sales in 2012, while sale prices have been below what they were in 2011.
Inwood has seen an increase in the number of homes sold for the first 9 months of 2012 compared to 2011 of 34 percent.
During the same time period though, the average and median sale prices have both been down.
Currently there are 20 homes for sale in Inwood. The prices range from $249,950 for a 5 bedroom, 2800 sqft home all the way to $1,295,000 for a 6 bedroom, 7400 sqft home.
Inwood September Home Sales
Inwood seen 3 homes that sold during the month of September. The homes that sold ranged from a 3 bedroom, 2400 sqft home all the way to a 5 bedroom home of over 3500 sqft.
Inwood September Home Sale Prices
Home sale prices during the month of September in Inwood, ranged from a low of $235,500 to a top price of over $348,900. For the month, the average sale price was $309,133 and the median sales price of $343,000. For the year, the average sale price is $405,232, a decrease of 7 percent from 2011, and the median sales price of $363,000, down 15 percent from 2011.
Inwood September Days on Market and Absorption Rate
Home sold days on market during the month of September in Inwood, ranged from a low of 17 days on market to a high of over 132 days on market. For the month, the average days on market was 82 and the median days on market of 98. For the year, the average days on market is 125, down 2 percent from last year, and the median days on market of 82, up 37 percent from last year.
Inwood Home Sales by Number of Bedrooms
3 Bedroom Size: 2618 Sqft 6 sold in 2012
Average Sales Price: $309,083 Median Sales Price: $292,750
4 Bedroom Size: 3179 Sqft 31 sold in 2012
Average Sales Price: $401,273 Median Sales Price: $363,000
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.