Hopefully it’s a temporary trend, but sales of homes in Anderson County for the month of July, 2010 broke a 4 month trend of doing better than the year before. This July saw 101 homes sold, down 23% from last July’s 132 homes. The average sales price stayed about the same at just over $140,000. But July 2009 was a strong month, and actually ended up being the second best month that year (September was the best).

For the Year-To-Date ending July 31, sales are still up over last year. So far this year 834 homes have been sold in Anderson County versus 731 homes last year at this time. The YTD average sales price is $131,040, while last year it was $130,155 – an increase of less that 1%, but an increase none the less! The List-To-Sale ratio, which is the average percentage of the original list price obtained, is also steady at about 89%.

Viewed by price range, most sales continue to be in the “Under $100,000″ range, with about 41% of total sales falling into this range. But the middle ranges are starting to pick up again, as the $100-$200k range and the $200-$300k range both increased over 20% from last year’s numbers. And the sale of high-end homes – over $500,000 – doubled from 5 to 10.

Broken down by high school district, the Hanna district still has the most sales with 242 of the 834 homes sold being in this area. But this area also has seen the biggest price drop, one of over 10%. The Wren High School area also saw a large price decline while all other school zones have seen price increases.

For all the details, download the EGC Market Update – July 2010 (PDF).

This is really all a result of supply and demand, as the number of homes on the market in Anderson County has consistently increased all year long. As of today, there are 1,963 homes for sale in the county, well above last year’s 1,701. As more sellers put their homes on the market, downward pressure remains on prices. That’s why we see homes selling for 89% of their original asking prices – a number that back in the day used to be in the mid to high 90′s. Sellers are still having to make the adjustment to today’s market and being competitively priced is still the big key in getting your home sold. It’s also taking longer, as the average home that sold was on the market for about 145 days (although we’ve seen well-priced homes go much quicker).

Overall, while sales seem to be trending upwards, there will surely be ups and downs ahead. And pricing, along with condition, will continue to be prime factors in getting your home sold. That’s where a great real estate agent can be an invaluable help – and we’d love to help you like we’ve help over 30 families sell their homes this year even in a very difficult market. If you’d like to get an idea of the current value of your home, please give us a call at (864) 225-2503 or email us for a free, no obligation Market Analysis of your home.