Georgetown Market Update
Average prices of sold homes in Georgetown fell 16% from 2008 to 2009. While the average sales price in 2008 was north of $1.6M, it didn’t quite reach $1.4M in 2008. That said, buyers negotiated less than 1% off the final list prices, so seller’s ultimately were pricing appropriately for the homes that sold.
The condo/coop market is not a big portion of the Georgetown real estate, but the quantity of sales was fairly consistent year over year and also saw price declines in the studio and one bedroom inventory, while the average price of a two bedroom condo saw an average 37% increase with an average sales price over $1.2M.
If you would like the complete snapshot of Logan, including average days on market and average price negotiations, please email us and we’ll be happy to share the full report.
