December is always a fun month in general. Lots of Holidays, and the coming of the new year. This year was no different. However, all those things are independant of real estate.
In the Lillian Court neighborhood in December there was 1 property SOLD, and 4 properties RENTED.
The only SOLD property of the month was a 2 bedroom 2 bathroom 1002 square foot Jacob model. It SOLD for $370,000. The property was on the market for 30 days. When first going on the market it had been available simultaneously for RENT or for SALE. It SOLD for 92.5% of it’s original list price.
Of the 4 properties RENTED in December 2008, 3 were 1 bedrooms, and the other was a 2 bedroom 2 bathroom.
The 1 bedrooms rented for an average of $1358/month. With the high rent being $1425/month for a larger model (988 sqft) and the low, $1300/month, going for a smaller model (753 sqft). The 1 bedrooms were on the market an average of 55 days.
The 2 bedroom 2 bathroom, on 2 levels, rented for $1790 in 70 days.
(data from MRIS)
