Currently there are 174 units on the market. As of January 30, only 5 units have sold in the month of January. The market has definately slowed over the last 6 months.
Notable Sales - 408 South Hanley Unit B sold after 187 days on the market. This 2nd floor unit showed well. Renovated in 2000, the highlight is the beamed vaulted ceiling in the living room. The original list price was $299,900. It sold for $255,000 on 1-9-08.
6240 South Rosebury 3-East sold on 1-8-08. This 3bdrm 2bth unit stayed on the market for 228 days before selling. Original list price #299,900. Sold for $260,000.
710 South Hanley Unit 8B sold for $310,000 on 1-35-08. This completely renovated unit came on the market with an list price of $389,900 and expired. It was relisted at $375,000, after 210 days it sold.
The downward turn of the market has definately affected the length of time condos are sitting on the market and the final sale price. It makes it all the more apparent that buyers need to work with agents that are in-tune to the Clayton condo market.
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