The First Multiple Listing Service reports that 17 homes have been sold in Governors Preserve during the first 6 months of 2015.
Home Sales in Governors Preserve
The features of homes sold during the 6 month period had an average of 5 bedrooms, 4 full bathrooms, and one half bathroom.
Every home sold had at least 4 bedrooms, at least 2 full bathrooms, and one half bath. Every home that sold that did not have any half bathroom had at least 3 full bathrooms.
The home sold with the most number of bedrooms was 7 bedrooms. The most number of full bathrooms in any one one sold during the six month period was 6 bathrooms. And the most number of half bathrooms was 2.
The oldest home sold was built in 2001 and the newest home sold was built in 2014. The average year build of the 17 homes is 2006.
Days Listed on Market
The days listed on market (DOM) is an important indicator used by real estate agents, investors, builders, appraisers, and sellers to help determine value and potential sales price.
Fast sales may indicate that a home sold for less than true market value compared to if it had been exposed on the market to buyers for a longer period of time.
Longer marketing times may indicate that a home was over priced, in poor condition, or that third party approval for the sale was required, such as bank approval for a short sale.
The average DOM in Governors Preserve is a good indicator of what a seller should expect when pricing the home correctly and exposing it for sale on the open market listed by a real estate Brokerage firm on the MLS.
During the 6 months period, the following number of days on market were reported:
Minimum DOM = 4
Maximum DOM = 351
Average DOM = 104
Home Sales Prices
Home prices ranged from $313,800 to $620,000.
The home that sold for $313,800 was a 5 bedroom, 3 and a half bathroom house. It was also the house that was on the market the longest, 351 DOM.
The home that sold for $620,000 was a 7 bedroom, 6 full bathroom, and 2 half bathroom house. It was listed on the market for 126 days, approximately 3 weeks longer that the average DOM.
The average sales price was $390,821.
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