Interesting. Your question made me go back to 60 days to see what has sold in that time. Of 19 sales in Heritage Hunt, only one was bought, then resold in a matter of three months. There were others that showed title transfers within 2012 from the same owner to themselves, which would indicate a refinance, or change to title...like the death of a spouse, divorce or putting the property into a trust.
And of the 11 homes that are currently active and available for sale in Heritage Hunt, none are flips. Again, there a couple that have been titled to the same owners, or one of the same owners, but that would again indicate divorce, death, family trust or refinance.
There are no flips for sale currently in Heritage Hunt and in the past 60 days, only one flip has been sold.... more
Peter, One person responded that the market in a local issue and he/she is correct. If you are in the PWC area then I can say we have turned a corner. We had a 24 month inventory not to long ago and we are currently running at 6 to 7 months inventory. If priced right, the houses are selling. We had a listing in Dominion Valley that was priced right and we had our first offer in 10 hours and 4 more over the next 24 hours. The low end is selling, we are seeing houses less than $450,000 are moving much faster than above that. If you have any further questions call me.
Weichert, Realtors - The Gainesville Team