The Columbia neighborhood that hasn't missed a beat.So far this year, 17 homes have closed in King's Grant. The average price is $584,204.00. The average price/ft. is a strong $167.22. My biggest listing in KG is one of the "boat drivers", closing at $179.21/ft. It is the 2nd highest price sold in 2007, at $650,000. Compare with the list below...
Heathwood - $148.67
Shandon - $147.24
Lake Katherine - $140.88
Wales Garden - $149.05
Keep in mind, that these older neighborhood boundaries are not as easily defined as a gated ones. Therefore, there is some "border junk" that may need to be considered. I simply did a quick search of what neighborhoods the listing agents labeled their listings.
I should mention too, that it is not a perfect market in KG. Houses are staying on the market a little longer than usual. One reason for this is that Sellers set their price too high in the beginning, to "see what will happen."
At the moment, there are 3 houses on the market in KG, and 2 are "Pending Contract." In my view, two of them (both patio homes on Oakman) are "aggressivly priced." At the moment, I know of four (maybe 5) "secret houses" that will sell if I bring a buyer.
I realize that new, gated neighborhoods aren't for everyone (I live in Shandon). I just thought it may be interesting to folks what Columbia's leading neighborhood is getting for their homes.
Congrats King's Grant!