Brandon MS ~ Castlewoods Market Condition Report for October 2010
In October 2010, two new homeowners purchased homes in Castlewoods Subdivision, one of the largest neighborhoods in Rankin County. These two properties had a combined average sales price of $204,000, with an average time on the market of 174 days.
In comparison, five homes closed in Castlewoods during the month of September 2010, and a whopping 12 properties closed last year during the month of October 2009. Year-to-date closed sales for 2010 vs. 2009 are 58 and 74, respectively.
Fourteen homes were added to the market during the month of October, bringing the total number of homes for sale in Castlewoods to 80.
Four homes are under contract (pending or contingent) and four properties either expired or were removed from the market in October.
Home prices in Castlewoods range from the low $100s for resale upwards of $300,000. New construction properties are included in these statistics.
Castlewoods, one of Rankin County's premiere neighborhoods, is built around Castlewoods Country Club and is located in NW Rankin School District.
If you are looking to sell your home, but are discouraged by what you read or hear about the real estate market, don't despair. While it is true that the market is challenging, it is encouraging to note that some homes DO SELL. If you need to sell, your home will have to BEAT THE COMPETITION.
What do I mean by "Beat The Competition"?
Your Castlewoods home will have to be priced competitively, because buyers shop by comparison. Your house will have to shine from top to bottom. Every nook and cranny should be clean and freshly painted. For FREE tips to Make a Good First Impression, click here:
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Written and Published by Pat Starnes REALTOR
Pat specializes in Residential and New Home Sales
Primary Service Area:
Brandon, Pearl, Ridgeland, Flowood, Madison and the Ross Barnett Reservoir area
Pat Starnes, Broker Associate
Front Gate Real Estate, 6700 Old Canton Rd., Suite C
Ridgeland, MS 39157
601-991-2900 - Office
601-278-4513 - Cell
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Are you looking to buy or sell a home in the Brandon MS market? Call me!