Today we will have a look inside Avalon at Carolina Forest. Since this is the neighborhood where I live, I naturally know what is going on in this community more than any other. Below is the most recent data from the MLS which includes properties currently active, under contract and the most recent sales.
Before we get deep into the analysis, there is one column to draw your attention to. It’s the “Days on Market” column. This is the number of days it was listed before an offer was accepted and it went under contract. (Usually another 30-45 days to close.) The average time on the market is about 3-4 months in Avalon.
Of course certain major factors will dictate whether a home sells quickly or seems to take forever such as the asking price, condition of the home and how accessible it is to get into to view. I have been trying to get into a home in another community for about 2 months now that the owner is not making accessible for some reason. The more people that get in to see a well priced home in good condition, the faster it will sell.
Other factors may include if the property is distressed, meaning it’s in foreclosure or it’s a short sale. A foreclosure will normally sell for less than it’s non-foreclosure competition (again depending on condition) and a short sale can be on the market for a very long time.
As you can see, there is plenty of activity going on in Avalon and sales prices are slightly higher than they were through the recession. Let me know how I can help you by providing even more details on what your property is worth in today’s market.
Chris Kavanagh – Sales Associate
Accredited Buyer’s Representative
Watermark Real Estate Group
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