When compared to 2006, this year’s statistics for Whitehall show that homes are staying on the market longer, and although fewer have sold, the average price per square foot has increased. At this time in 2006, 56 homes had sold after an average 53 days on market. The 2006 sales averaged $111 per square foot.
 
How can you interpret this information? First, Whitehall continues to be a very popular neighborhood for resale. Homes are selling, and if they are priced reasonably they tend to sell in less than three months. Also, the homes in our neighborhood continue to appreciate. While the rate of appreciation has slowed, the amount of appreciation is significant. When we began marketing homes eight years ago, the average price per square foot for Whitehall homes was $86! Only one home sold for over $100 per square foot. It wasn’t until 2005 that homes in Whitehall sold, on average, for more than $100 per square foot. Price per square foot has been well above that ever since.
 
While the media continue to forecast doom and gloom for the housing market, remember this fact: Every Market is Local. As homeowners in Dorchester County, we are truly fortunate to live in an area that is a growing and desirable place for people to live. 
 
Also remember that the averages in this report may not hold true for your particular home. Before you list your home for sale, be sure to request a customized market analysis from a realtor with a proven track record in Whitehall. When that time comes, we invite you to contact the team that has sold the most listings in Whitehall for five years running: The Mulligan Team.