Weekly Residential Market Statistic Update For Week of Feb 16th to Feb 23rd 2012
New Listings: 391 (353, 381, 416, 380)
Sold: 153 (160, 138, 117, 115)
Sale to List Ratio: 39% (45%, 36%, 28%, 30%)
Expired/Cancelled/Withdrawn: 42 (66, 67, 155, 70)
Active Single Family Home: 2278 (2233, 2264, 2236, 2207)
Average Single Family Home List Price: $284,346 ($260,193, $282,190, $294,792, $330,294)
Average Single Family Home Selling Price: $275,550 ($256,079, $277,215, $286,626, $317,534)
Average Days on Market Single Family Home: 117 (86, 87, 86, 109)
Active Condos: 249 (250, 251, 255, 256)
Average Condo Listing Price: $226,300 ($264,087, $243,658, $229,126, $201,605)
Average Condo Selling Price: $213,451 ($258,691, $236,829, $223,726, $198,507)
Average Days on Market Condos: 107 (76, 143, 135, 104)
The pre spring market keeps its momentum up with a similar showing to last week. Clients, peers and colleagues alike all have the same word on their lips...availability! Single family homes in the starter home section are flying off the market and condos sales are hotter then ever. Builders are enjoying the ability to sell their homes before build as home buyers clammer to lock in an interest rate and choice of property with the lack of selection on the market right now. One can only wonder if this a sample of things to come as the hottest time of year looms closer.
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Jeremiah Wallace, CD
Jeremiah has been involved with many aspects of the Real Estate industry for over fourteen years. This includes construction, residential renovations, interior design, and investing in various income generating property products..
Photo's by Jeremiah