Heathrow Home prices, Heathrow Real Estate, Heathrow Homes for sale , What's my home worth in Heathrow

Heathrow real estate sales for the year have been trending negative over 2010 however September 2011 has trended into the positive territory by increasing sales from 5 homes in 2010 to 8 homes in 2011 which is a 37% increase. Also the average price increased from $275,000 in 2010 to $407,713 which is a 48% increase.  While this sound great and looks good on paper ,  the per sq. ft. increase was only 8%, from $122.83 in 2010 to $133.00 in 2011. The median per sq. ft. price only showed a slight increase from $128.32 to $129.00. The main reason September prices were so high is because none of the sales were distressed sales.  There are currently 91 active homes in Heathrow, 22 of the homes are in short sale status. The average price of active homes on the market are $608,361 and the average per sq. ft. price is $160.30. The median price of active homes is $479,000 and the median per sq. ft. price is $148.91. As you can see there is a huge difference in price between the active home and the market and the sold home prices and this is where the market challenges are located. Buyers on the average seem to be willing to pay $407,713 per home according to the September sales numbers but the average home price is $608,361 which is a 32% difference.  Year to date the average sales price is  running at $408,000 which is about similar to the September price average. On the average, 8 homes sell in Heathrow and based on 91 active homes for sale we have 11 months of unsold inventory which is relatively high. Heathrow consist of different villages and areas with different price points, Heathrow Woods is the luxury development where homes are mostly on 1 acre lots and prices are over $1m.     There is also  Carrington Park, Lakeside, Brampton Cove, Keenwicke, Devon Park, Wembley Park, Heron Ridge, Wyntree, Regency Green, Burlington Oaks, Clubside at Heathrow, Stonebridge, Breckenridge, East Camden, Cherry Ridge, Muirfield Village, Willowbrook, Bristol Park to name a few.  Heathrow  real estate sales and the market are challenging but not all homes are the same so for a professional home valuation and marketing plan please go to http://www.searchallproperties.com/homevalue/gittax or call me at 407-330-2181