Jolanta, Other/Just Looking in 60612

What are latest market trends in Cherry Hill for homes in the 700K to 900K range. ie sales in 2010, homes on mkt, avg. price sq. ft, time on mkt, etc

Asked by Jolanta, 60612 Sun Oct 10, 2010

How much have home prices declined over the last year, number of foreclosures ?, sale price versus list price ?, etc.

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There are only 3 homes in that price range on the market right now. The average length of time is 4 months. One has recently sold in the 800s and was on the market a brief time. Quality vs Value.
The signs are pointing toward a good spring with prices (that have been flat fora couple of years), finally beginning to appreciate. It will be a long slow recovery, but, barring un-forseen mortgage issues, etc. it appears that recovery has begun. Anticipate prices to increase as demand heats up.
0 votes Thank Flag Link Sun Feb 10, 2013
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