Moreno Highlands Home Prices Increase over 2011
Category : Uncategorized
By Ken Winick
The average price for a home in Prime Silver Lake through September 2012 was $1,015,000, an increase of 6% over 2011. There were 38 homes sold in 2012 while 34 homes were sold in 2011, representing a 12% increase in home sales. The average marketing time was 52 days in 2011 and 46 days this year, representing a decrease in marketing time of 6 days or (12) %. The average price per square foot is $482 as compared to $463 in 2011, an increase of 4%.
The truth of the matter is we are continuing to experience a very low inventory of homes for sale in with numerous qualified buyers still looking to purchase in our area of Silver Lake. If you have been putting off selling your home, note the market is the strongest it’s been since the height of the market in 2006.