Woodtrace Market Report 8/15/24 – 9/15/24

Woodtrace Market Report 8-15-24 - 9-15-24 1

Credit: Image by Austin Glass | Source

Woodtrace Market Report (08/15/2024 - 09/15/2024)

Listings Breakdown:

  • Active Listings: 22
  • Option Pending Listings: 4
  • Pending Listings: 1
  • Sold Listings: 3
  • Terminated Listings: 4
  • Expired Listings: 0

Market Overview:

Active Listings:

  • 22 active listings, priced from $385,000 to $1,130,000.
  • Median price per square foot: $184.23, high of $249.41/SF.

Option Pending and Pending Listings:

  • 4 homes option pending, average price of $335,000.
  • 1 home pending at $839,000, $229.05/SF.

Sold Listings:

  • 3 homes sold, priced from $625,000 to $697,500.
  • Average price per square foot: $187.66/SF, 99.58% sale-to-list price ratio.

Terminated Listings:

  • 4 listings terminated, priced from $335,000 to $599,000.
  • Average price per square foot: $173.76/SF.

Trends:

  • Tight inventory with strong price-per-square-foot values.
  • High buyer interest and potential for sellers with homes over $500,000.