According to statistics from January, the market appears to be getting better.
There has been more activity in the past two weeks and sales have improved over the past few months. If this is an indication of the spring market, we will be doing well.
We are still seeing many short sales and foreclosures especially in the Riverdale Park area. The three homes sold this month were either short sales, or when the bank takes less than is owed, or foreclosures, or when the bank has already acquired the property.
Find out what's happening in Riverdale Park-University Parkfor free with the latest updates from Patch.
Riverdale Park figures for January 2011:
Type No. of Homes Low Price High Price Median Price Active 19 $69,000 $398,000 $149,000 Under Contract 3 n/a n/a $204,900 Sold 3 $85,000 $105,000 $104,900
Find out what's happening in Riverdale Park-University Parkfor free with the latest updates from Patch.
University Park figures for January 2011:
Type No. of Homes Low Price High Price Median Price Active 4 $230,000 $394,950 $350,000 Under Contract 2 n/a n/a $382,425 Sold 2 n/a n/a $460,950