36 homes sold in September 2011, down slightly from September 2010, where we sold 39 homes and up from August, where we sold 31 homes.
Let’s take a look at the rest of the stats:
There are 67 homes under contract right now (73 last month).
The average list vs. ORIGINAL sales price was 82.04% – down from last month (85.39%).
The ADJUSTED list vs sale price was 88.43%, also down from last month (92.91%).
The current # of active/for sale listings in MRIS (minus timeshares) is 738, down from last months 785. We have a 20.5 month supply of homes available (minus timeshares) based solely on the September sales numbers. This number is down significantly from last month’s 25.32 month supply.
Random observations:
•2 ‘newer’ homes sold in September (5 years old or less)
•It appears that 20 or so of these sales were vacation homes
•20 homes sold under $300,000 (last month was 19)
•25 homes sold under $400,000
•1 home sold over $ 1 million (1 home last month)
•1 home sold for higher than full price or at full price (last month was 4)
•One house sold for 70.79% of asking price – 143 Walnut St in Friendsville
•The oldest home that sold was 121 yrs old
•The average age of the homes that sold was 31 years (32 last month)
•8 condo/townhouse properties sold (7 last month)
Here are the statistical breakdowns:
Average Sale Price: $359,760 (last month $292,561)
Average Days on Market: 210/314 (last month 201/224) (days on market with current broker/total days on market)
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