So far in 2008, the number of homes sold in Brickyard Plantation is right on pace with the number of sales this time last year. However, selling prices are down compared to last year. To date, 10 homes have sold in Brickyard at an average sales price of $422,050, or $156 per square foot. Through this same date last year, there were also 10 sales in Brickyard. However, the average sales price for those homes was $466,000, or $170 per square foot. While it is still early in the year, the buyer’s market continues to have an impact on selling prices.
The good news is that the number of homes for sale in Brickyard is down from this time last year. Currently, there are 31 homes for sale in the neighborhood. This is a significant improvement from the end of March last year when there were 46 homes on the market. As you all know, less competition can have a favorable impact on real estate prices.
With all the turmoil in the economy, it will be very interesting to see what the next few months bring us in terms of housing trends in Brickyard. Stay tuned to this site for new postings on Brickyard real estate news and other happenings in Mt. Pleasant real estate. Don’t forget that you can always go to my Brickyard home page to see a list of all homes currently on the market in Brickyard, along with photos and virtual tours.