29 properties sold in November 2011. Sales were up considerably from November 2010 (22 sales), but couldn’t hold pace with last month’s 36 home sales.
Let’s take a look at the rest of the stats:
There are 58 homes under contract right now (69 last month).
The average list vs. ORIGINAL sales price was 81.51% – (last month 83.89%).
The ADJUSTED list vs sale price was 90.56 (last month 90.35%).
The current # of active/for sale listings in MRIS (minus timeshares) is 712, down from last months 728. We have a 24.55 month supply of homes available (minus timeshares) based solely on the November sales numbers. (Last month was a 20.2 month supply).
Random observations:
•2 ‘newer’ homes sold in October (5 years old or less)
•It appears that 18 or so of these sales were vacation homes
•19 homes sold under $300,000 (last month was 19)
•19 homes sold under $400,000 (last month 25)
•3 homes sold over $ 1 million (0 last month)
•1 home sold for higher than full price or at full price (last month was 2)
•One house sold for 79.16% of asking price – 196 Main St
•The oldest home that sold was 112 yrs old (8736 George Washington Hwy)
•The average age of the homes that sold was 37 years (35 last month)
•4 condo/townhouse properties sold (7 last month)
Here are the statistical breakdowns:
Average Sale Price: $399,020 (last month $309,621)
Average Days on Market: 191/208 (last month 174/224) (days on market with current broker/total days on market)
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