Shenstone is one of those unique neighborhoods where not much happens on a yearly basis. Over the last four years, there have been an average of five sales. 2012 was no different with three standard sales, one foreclosure, and one new construction in Shenstone Reserve.
The average sales price of $964,255 was up 3.4% when compared to 2011’s $932,125. Days on market increased nearly 30% to 147, partly due to the new construction sale which was listed for over 300 days. If you would like to see how this compares to the county wide stats, check out my LoCo 2012 year in review. At the time of this post there are 3 existing homes for sale that have been on the market for an average of 202 days, and 6 new construction homes nearing completion.
A typical year for Shenstone. With 49 total new construction homes in the neighborhood, we should see and increase in the number of solds and sales price. Inventory is very low everywhere, so if you are thinking of selling now is the time to start planning. We’d be happy to set up an appointment to evaluate your options for 2013… send us an email or give us a call at 571-233-5495 so we can get started.
Want to know what your Shenstone home is worth? It’s simple, register for our home value report and it will quickly arrive in your inbox! (Live outside of Shenstone, but still curious about home values? That’s fine, you can register, too.) If you are thinking about buying in Shenstone, we can help with that as well; sign up here to receive all the new listings in this neighborhood.
Cheers,
Mike
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