What's Happening in West Wood?

Wondering what the housing market is like in West Wood? As of December 15 there are 13 active listings with sales prices ranging from $111,500 to $170,000. The average list price per square foot is $78.29 with the average days on market of 172 days.

To date, 14 properties have sold this year ranging from $80,500 to $160,000 with an average sales price per square foot of $64.40. Those figures compare to a range of $68,000 to $163,000 for 2007 with average SP/SqFt of $68.84, with 15 units sold.

There has been some discussion in the neighborhood about the number of foreclosed properties in the neighborhood. While it is somewhat difficult to pin down that information, some of it can be gathered from readily available real estate data. Six of the 14 homes sold in 2008 were bank or corporate owned homes which compares to six of the 15 homes sold in 2007. One of the homes sold in 2008 was a property that was agent purchased in 2007 and resold in 2008 as a rehabbed or "flipped home" in a sense reducing the number of foreclosed homes sold in 2008 to 5.

If you wish to have more indepth data or would like to receive current information about new listing in your neighborhood, please let me know. I would be more than happy to provide that information for you.