As 2011 wraps up, I’d like to look back over the sold data for individual neighborhoods. As the old saying goes it’s all about “location, location, location.” In effort to test the truth of that statement, I’d like to compare the selling stats of different neighborhoods. First up: Central West End. I’m only looking for move-in-ready homes and for that reason I set the lower limit of every search at $100,000. I’ll highlight the least and most expensive homes/condos in each neighborhood and pull out some basic stats: Number of units sold, high-median-low price points, average size, price/square foot and average days on market.
Stats for Residential
37 Total Sold Units
$110,000-$997,000 with a Median Sale Price of $333,000
Avg. Square Feet: 3297
Avg. $/SqFt: $118
Avg. Days on Market: 190
4600 Washington: Was the lowest priced move-in-ready home in the CWE neighborhood. It originally listed for $196,746 and ultimately for sold for $110,000–55% of the asking price–after 550 days on market.
15 Lenox Place: This classic Federlist style home took 302 days to close. Initial list price was $1,499,000. It ultimately sold for $997,000-66.51% of list price. The home had been completely renovated in 2009 with high quality materials and energy-efficient systems.
Stats for Condos
102 Total Sold Units
$100,000-$804,375 with a Median Sale Price of $195,000
Avg. Square Feet: 1534
Avg. $/SqFt: $148
Avg. Days on Market: 163
4440 Lindell #701: This condo was initially listed at $125,00 and finally sold for $100,000 after 148 days on market.
4545 Lindell #9: Was located on the 4th floor of the 4545 Lindell new construction building. This condo was originally listed for $874,000 and ultimately sold for $804,375. It took 336 to close.