Lake Hartwell WF Sales Stats 4.2010-4.2011

STATISTICS: TIME PERIOD 4/20/2010 - 4/20/2011

*125 total WF Lake Hartwell Homes have sold. of these: 25 were Bank Owned Foreclosures & 3 were Short Sales

*The purchase price on average was 91.1% of the asking price

*If you remove the Bank owned & Short Sales from this equation, The purchase prices were 89.8% of the asking price. The reason for this is that Bank owned properties brought 97.3% of the asking price & Short Sales brought 94.9% of the asking price. This drove up the percentages, but the prices paid have dropped property values ( reduced property values show as list prices on non-foreclosure properties in most cases).

PERCENTAGE VALUES OF SALES PRICE TO ASKING PRICE
0-100,000: 82.7%
100,000-200,000: 85.9%
200,000-300,000: 92.6%
300,000-400,000: 91.5%
400,000-500,000: 90.2%
500,000 & up: 91.3%
* compiled by Gary Smith, Realtor- Parker Quigley & Associates

Tough Market....5 things buyers do to upset sellers and slow/ hault negotiation

This is a very tough time for sellers of real estate.Common Courtesy still applies.
Please Read: 5 things Buyers SHOULD NOT DO