34 homes are currently listed, higher than this time last year. Fifteen (15) are pending and the average list price is right at $200,000. The average sold price per square foot Financed is $109.00! Important to know because appraisals are coming in much lower than the listing prices.
On the other side of the coin “CASH” buyers average purchase per sq. ft. is $123.00 per square foot. Two homes have sold for $145.54 and $151.00 per sq. ft and well over the appraised price. Location, condition, upgrades etc. are extremely important, and in most cases will be taken into consideration by an Appraiser. However down and dirty appraisals are coming in extremely lower than listing price, as much as $40,000 or more less than the original listing price. Don’t be miss guided by false promises.
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Dan Swings Blog 