Where is the foreclosure inventory? That’s the question on everyone’s minds and it’s the same in Greenhaven. Of the slim pickings, a mere 19 homes sold in the area fondly called the Pocket area in April. That’s a unit volume drop of 40.6% year over year. 5 of these sales were foreclosure sales, 3 were short sales and 11 were non-distressed homes. This means that now almost 3 out of every 5 homes sold are non-distressed.

Average price per square foot has fallen 15% year over year from a high of $190.86 to currently $162.40. Interestingly enough, homebuyers have also bought themselves homes on average 12% bigger than last year at the same time. Average sales price is currently $326,372 down 4.5% from a year ago when it was $341,703. The median sales price in the area is $310,000 which is 6.6% lower than last April when it was $332,000.

Inventory in Greenhaven is at 5.3 months based on the last year of sales and 6.6 months based on the last six months of sales. Foreclosure inventory is at 1.5 months and 1.6 months respectively.

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