Sept 1st - Sept 8th
Previous weeks numbers are in brackets.
New Listings: 419 (425,372, 414)
Sold: 102 (142, 151, 130)
Sale to List Ratio: 24% (33%, 41%, 36%)
Expired/Cancelled/Withdrawn: 130 (269,89, 108)
Active Single Family Home: 3117 (3099, 3157, 3167)
Average Single Family Home Price: $269,956 ($265,809, $272,464)
Average Single Family Home Selling Price: $262,839 ($255,650, $265,517)
Average Days on Market - Single Family Home: 92 (73, 81)
Active Condos: 364(344, 367, 376)
Average Condo Listing Price: $258,120 ($225,176, $257,370)
Average Condo Selling Price: $250,874 ($216,269, $248,360)
Average Days on Market - Condos: 149 (150, 117)
So, after a few technical difficulties and a near heart attack, this weeks stats are finally here! Not many sales again this week continuing the lack of "Buyer confidence" trend. Lots of good deals out there for the savvy investor, or the Home Buyer that has been waiting for their chance to strike. Some innovative ways to market property are key in grabbing the attention of prospective Buyers as the selection of homes increases and the need to "Stand Out" become more necessary. Staging, web 2.0 marketing and keeping up to date with the market trends are now a reality for the Seller looking for an expedient sale. Whats you're thoughts?
Jeremiah Wallace, CD
Jeremiah has been involved with many aspects of the Real Estate industry for over twelve years. This includes construction, residential renovations, interior design, and investing in various income generating property products..
Photo's by Jeremiah