Jul 052011

Comparing 2011 White Oaks home prices to 2010

2011 is half over already and six months usually gives us enough data to do a meaningful comparison of 2011′s MLS statistics to 2010′s

So let’s compare January through June 2011 to the same months in 2010.

As shown in the table below, average prices are very similar to last year with modest growth in all categories except townhouse condos, which to date are tracking at lower prices than last year.

Type of Home 2011 Avg Price 2010 Avg Price Change %
Detached over 25yrs.  old $192,130  $190,167  1.02% 
 Detached under 25yrs. old $238,869  $232,629  2.61%
 Semi’s over 25 yrs. old  $157,733 $151,031  4.25% 
 Semi’s under 25 yrs. old $173,300  $166,329   4.02%
 Townhome Condos  $116,970 $123,937   -5.96%

A detailed monthy analysis is available here

Statistics represent  the average price of homes sold by Realtors® using the MLS® service. Your home may not be average, if you are thinking of selling, ask for a Comparative Market Analysis to learn your home’s potential market value