Penryn Homes for Sale and June - August 2007 Statistics

Penryn Homes for Sale

The least expensive home for sale in Penryn is a 952 square-foot home on 2.8 acres on Alabama Mine Road, which is listed for $374,000. The most expensive home for sale in Penryn is a 5,600 square-foot home on 2.5 acres on Old Pear Hill Lane, which is listed for $1,399,990. To view the details and photos available for these homes, along with all other homes for sale in Penryn, click Penryn homes for sale.

Penryn Homes Pending Sale

Penryn Homes Sold Between June and August, 2007 vs. March through May, 2007

The least expensive home that was sold in Penryn between June and August, 2007 was a 1,588 square-foot home on English Colony Way, which sold for $250,000 after being listed for $325,000. The most expensive home that was sold in Penryn between June and August, 2007 was a 4,635 square-foot home on 3.1 acres on Butler Circle, which was sold for its asking price of $1,100,000.

Penryn Homes Sold Between June and August, 2007 vs. June through August, 2006

Summary

Not a lot can be learned from the sales statistics for Penryn, due to the low number of sales, but there were some general trends that are worth noting.

The number of homes for sale in Penryn fell between June 19th and September 3rd. The number of pending sales rose from 3 to 4 during the same period. The number of homes sold in Penryn between June and August was less than between March and May, but it was higher than between June and August, 2006.

The projected number of months inventory in Penryn increased from 7.64 months on June 19th to 8.25 months on September 3rd. This was due to a decrease in the number of sales during the period when compared to the preceding 3 months.

With a larger number of homes for sale in Penryn and a lower amount of buyer activity, it appears that prices in Penryn may continue to trend lower.

If you have any questions regarding these statistics or if you are interested in buying or selling a home in Penryn, please feel free to call us at 916-728-1981, e-mail us at pat@patandalison.com or leave a comment below.