Castlewoods - Brandon MS Market Condition Report for September 2010

Castlewoods ~ Brandon, MS Market Condition Report ~ September 2010

In September 2010, five (5) houses closed in Castlewoods Subdivision, with an average sales price of $217,180. The average days on the market for these five homes were 60 days.

There were 18 new listings added to the market in September, bringing the total number of available homes in Castlewoods to 72.

There are 10 homes under contract (either pending or with contingencies), and five properties expired (left the market) in September.

Castlewoods market appears to be improving, since last month there were five closings, compared to three in September 2009. Likewise, there were three closings in August 2010. Year to date, however, sales have decreased 15% from 2009 statistics. The month with the most closings? June 2010.

Home prices in Castlewoods predominantly run between $100,000-$200,000 (47% of inventory) and $200,000-$300,000 (34% of inventory). The remaining 18% are priced over $300,000.

Castlewoods is one of Rankin County's finest neighborhoods, complete with an 18-hole golf course, clubhouse, olympic-sized pool, tennis courts, walking trails, etc. Membership to the club is optional. Learn more about Castlewoods Country Club.

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