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Brickyard Update – September 7th – Inventory Levels Fall Sharply

The number of homes for sale in Brickyard Plantation is at its lowest level since early in 2006. There are currently 24 homes on the market in the neighborhood, down from 33 just a month ago. Inventory peaked in Brickyard Plantation in March of 2007 where there were 45 homes on the market!

The reduction of inventory in the last 30 days is a result of a strong selling month in August as 6 homes went under contract in Brickyard. Could this be the beginning of a turnaround in the Brickyard market? While buyers aren’t coming back in droves, it does appear that they may be coming back. Only time will tell if this is the start of a turnaround in the real estate market, but it does look hopeful! Below are some 2008 year-to-date numbers with comparable numbers through the same period in 2007:

2008:

  • Homes sold through August 31, 2008 – 27
  • Average Days on Market – 151
  • Median Sales Price – $380,000

2007:

  • Homes sold through August 31, 2007 – 36
  • Average Days on Market – 108
  • Median Sales Price – $388,500

For more information on all homes and lots for sale in Brickyard, please go to my Brickyard Home Info site for details and stay tuned to this site for more updates.

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