27 properties sold in January 2011. Sales were up considerably from January 2011 (18) and up from last month’s 20 sales.
Let’s take a look at the rest of the stats:
There are 46 homes under contract right now (46 last month).
The average list vs. ORIGINAL sales price was 78.69% – (last month 87.77%).
The ADJUSTED list vs sale price was 86.67 (last month 91.43%).
The current # of active/for sale listings in MRIS (minus timeshares) is 562, down from last months 598. We have a 20.8 month supply of homes available (minus timeshares) based solely on the January sales numbers. (Last month was a 29.9 month supply).
Random observations:
•5 ‘newer’ homes sold in January (5 years old or less)
•It appears that 18 or so of these sales were vacation homes
•17 homes sold under $300,000 (last month was 14)
•19 homes sold under $400,000 (last month 15)
•1 homes sold over $ 1 million (0 last month)
•1 home sold for higher than full price or at full price (last month was 3)
•One house sold for 65.66% of asking price – 223 Old Crellin Rd
•The oldest home that sold was 102 yrs old (755 Sanders Ln)
•The average age of the homes that sold was 26 years (34 last month)
•3 condo/townhouse properties sold (4 last month)
Here are the statistical breakdowns:
Average Sale Price: $$333,937 (last month $276,290)
Average Days on Market: 250/264 (last month 117/150) (days on market with current broker/total days on market)
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