April 2012 Newsletter Here’s What’s Happening in Buckingham Square
ACTIVE: 4232 Miladies Ln— 4 bedrooms, 2.5 baths, large paver patio, unfin. bsmt. Listed for $365,000, 96 days on the market. The sellers here paid $360,00 in 2010.
4175 Milords Ln—A Devonshire, 4 bedrooms, 2.5 baths, Newer roof and windows, master suite with 2 double closets, large sitting room, and Jacuzzi tub. Started at $384,500, now $369,900. On the market for 204 days.
4191 Milords Ln—A Devonshire, 4 bedrooms, 2.5 baths, crown molding, gas floor to ceiling fireplace, brand new deck. Start price $409,900, current price $365,000, days on market 605. New Granite, New trees! Seller paid $390,000 9/09.
PENDING: 4241 Miladies Ln—A Devonshire, 4 bedrooms, 2.5 baths, wood deck with built-in hot tub. Updated kitchen w/granite. Backs to woods. Was on the market last year for 397 day. Sellers paid $399 in 2004. Listed at $359,000 sold in11 days!
SETTLED: 4208 Sir Andrew Cir—A Bedlington model with 3 bedrooms, 1 car garage, new windows, doors, garage doors and upstairs carpet. Updated kitchen, fin.bsmt, fenced backyard. Sold for $362,500.
In Hearthstone:
What buyers are looking for in 2012
You would think that buyers would be thrilled with lower prices AND GREAT rates but they want MORE. Those great ingredients don’t necessarily translate into confidence that prices won’t continue to drop. They want three things and three things only:
A good value. Condition. Location.
You can thank HGTV and House Hunters for some of this. Buyers are watching other buyers from around the world pick the house that is in great condition, at the lowest price and the best location. MOST buyers do not want to deal with contractors so even if you price your home without granite and updated bathrooms, they’ll pass it up if they can, or they’ll kill you with price if they have to do the work. Everyone is afraid they might lose their jobs. They’re looking for a place to settle down where the mortgage, taxes, utilities and upkeep won’t kill them. They are looking for PRICE, CONDITION, LOCATION. You can’t change your location—but you have total control over your price and your condition.
ACTIVE: 4968 Crosspoint Dr—totally renovated in last 18 months. Open floor plan with wood staircase and bridge overlooking great room. $515,000. On the market for 37 days.
3976 Liz Cir—A Greenbriar model, 4 bedrooms, 3 1/2 baths, finished basement with full bath, new carpet and fresh neutral paint throughout. Reduced to $499,900, on the market 324 days.
4909 Stillwater Circle—Just listed. Looks to me like an Edison, though not noted. New bathrooms, great patio and finished basement. $499,900.
