Real Estate Update Georgetown Divide Ca

Despite negative press, home sales within the Georgetown Divide remain constant.  131 homes have sold in the first 7 months of 2011, nearly 19 per month.  With inventory also at 131 homes, in theory it would take another 7 months to sell through our inventory.  The rural communities of Georgetown, Garden Valley, Greenwood, Cool and Pilot Hill offer a wide range of homes, both in characteristics and price.  Thus far, prices for homes sold have ranged from $52,500 to $615,000, with an average selling price of $200,606 and an average days on the market at 97 days.  Another 28 homes are in pending sale.

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