We are off to a great start for single family home sales in Tellico Village. As of this writing on March 25, 2010 home sales in Tellico Village are up by 62.5% over the same period in 2009.
The average sales price for the same period in 2009 was $436,000, however we must keep in mind that some of these sales were lakefront homes. The low price was $195,000 with the high price being $907,000. So far this year, no lakefront homes have closed. The average price is $292,484. The low price is $177,000 with the high price being $575,000.
In the current year there have been 2 short sale closings and there is currently 1 foreclosure home for sale.
As of today, there are currently 172 homes on the market for sale. This number indicates that there is approximately 26.5 months of inventory.
If you are in the market to sell your home today, it is very important to make sure that your home is priced correctly. It is very important to review the comparable sales and also to make sure you know the true number of days that the home was on the market. Be sure to question whether the home has been on the market previously and at what price.
Over the last 6 months, I have sold and/or currently have under contract 6 homes in Tellico Village.
If you would like to have a Comparative Market Analysis on your home, please feel free to call me. I would be happy to provide you with a FREE no obligation analysis. Contact me directly at 414-9901 or my office at Keller Williams Realty 694-5904 or via email at catrinafoster@gmail.com.
This is your update for today.
Catrina Foster, Tellico Village Resident
Thursday, March 25, 2010
Thursday, March 4, 2010
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