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Clear Lake Homes – Camino South Sells Quick This Year
Camino South has been a hot item this year. These Clear Lake homes don’t stay on the shelves long. 33 homes have sold this year but the amazing thing is the number of days on the market. Would you believe 16 days?! It’s no wonder with average sales prices of $123,224. The average home in Clear Lake
sells for a little less than $220,000.
This community might be the perfect place to take advantage of the $8,000 homebuyers tax credit.
Last year during this same time, there were 41 homes sold with an average
sales price of $120,750. Again as typical for the area this year, this
represents a modest gain of a little more than 2%. Homes in Camino South
have also sold for closer to list price at an average of 98.3% as opposed to
last years 97%. That makes perfect sense with the shorter number of days
on the market.
Camino South home sellers paid buyers closings costs on 16 of those 33 sales.
Last year, buyers closing costs were paid on 21 sales. Again, almost exactly
one half of the buyers there had their closing costs paid by the seller. This
is quite often done in cases where homebuyers have the credit to qualify for
a home purchase but lack the necessary funds to close on a home.
Inventory in the Camino South neighborhood is quite low with a total of 9 homes
on the market- 3 of which are pending or under contract.
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