Homes For Sale Market Activity
Aug 2010-Feb 2011
View current listings: The Somerset Subdivision in Raeford NC has had a fair six months. Over the time period between 25 Aug, 2010, and 25 Feb 2011, there18 total listings within the subdivision. 8 of those listings sold for a total price of $1,337,400.00 which brought the average home sale to $167,175.00 per home sold. These houses sat on the market an average of 69 days.
The 18 homes listed for sale in Somerset had a total market value of $3,185,300 for an average list price of $176,961.00 per home.
Currently there are 8 homes listed for sale in the Somerset subdivision at an average sale price of $173,325.00.
My assessment of the Somerset market: The median list price has risen by over 11%, while the actual sales or closing price has risen 4.34%. The median sell price has risen by 8.22% within the subdivision. The truest indicator of value is the average closing price, which means that homes across the board experienced a rise in value of 4.34%, making it a leader in appreciation within the local real estate market. The continued growth indicates stable home prices in the Raeford market.
For more information on the Somerset Subdivision in Raeford NC, to include homes for sale and selling homes, contact me, Bert Foley.
Bert Foley is the Owner of Real-View Property Management LLC, and a Real Estate Broker with Exit Realty 1st Class. Bert is a trained investor, instructor certified by the Department of The Army, and a licensed Real Estate Agent specializing in the marketing of homes for sale in Raeford, Fayetteville, and Fort Bragg NC. To contact Bert Foley: Cell 910-977-1518, office 910-904-7355, email bertfoley@exitrealtyraeford. Visit Bert's website at www.exitrealtyraeford.com.
Exit Realty Raeford Link: http://www.exitrealtyraeford.com/Somerset%2c+Raeford+NC