What happened in the first quarter of 2009 in the Fountains at McLean? 5 SOLD properties, that's what happened. Those properties were actively on the market an average of 127 days, and they sold for an average of -5.94% (that minus in front means negative). There was also an average of $2,300 seller subsidy (also referred to as closing cost help from seller to buyer).
What types of sales were these 5 transactions?
Regular Sale = 4
Short Sale = 0
Bank Owned Property = 1
Regular Sale = 4
Short Sale = 0
Bank Owned Property = 1
What style homes were these 5 properties?
1 Bedroom = 2 (Birch + Cedar)
2 Bedroom = 3 (Oak[2] + Linden)
How does this compare to the same time last year (1st quarter - 2008)?
Last year there were 7 properties sold in the same time period. And they sold for an average of -5.72% (yes, also negative) of their list price, in an average of 51 days on the market. They also had an average of $4,327.70 in seller subsidy.
Last year there were 7 properties sold in the same time period. And they sold for an average of -5.72% (yes, also negative) of their list price, in an average of 51 days on the market. They also had an average of $4,327.70 in seller subsidy.
Below is a graphic of the sold properties I've mentioned, plus those that did not sell, and those that are under contract, or for sale right now at the Fountains at McLean.
(Data is from MRIS and represents multiple listings from multiple brokers)
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