In October 2011, 20 homes sold in Riverdale, at an average price of $679,545. On average these properties took 15 days to sell and sold at 104% of their listing price. A total of $13,590,900 worth of real estate changed hands on the MLS system in October.
The signs still point to a seller’s market in Riverdale. Average selling price is up 7% over this same time last year, homes are selling at 104% of their asking price, and more homes sold this month as compared to last year. Now is a good time to sell in Riverdale.
These numbers also support the anecdotal evidence from our salespeople that Riverdale still faces a lack of supply, not demand. When submitting offers on Riverdale properties, buyers have been facing multiple offer scenarios. If you’ve been sitting on the fence wondering if this is a good time to sell, now is the time to act.
Provided below are some overview charts of the market activity in Riverdale since Dec 2009. If you would like to download a report that outlines all of the details (including sold price) of the homes that sold in Riverdale in September 2011 click here: Riverdale Real Estate Market Report September 2011 Donwload.