I’m not telling my agents and clients to worry yet…but in the past 30 days only 3 homes have gone under contract in Winston Trails, all of them with asking prices of $300k or less.
With 37 homes now on the market, this translates into 12 months of inventory…the biggest number/longest timeframe since 2007.
The total number of homes under contract in Winston Trails, to one extent or another, is 20.
7 of the 20 are short sales which typically go under contract quickly but languish under contract for a long time awaiting the bank approval process. 1 is a bank owned.
Last year, during this same period, 12 homes went under contract in Winston Trails.
What is going to be the trend and effect going forward? We’ll see soon enough.
Thanks for reading!
Steve Jackson…561.602.1258
