Tuesday, December 7, 2010

Updated Statistics to December 7, 2010

Statistics as reported by the MidFlorida Listins Service MLS to November 30, 2010

Number of Homes offered for sale: 4
Price range from $165,000 to $214,900
Average price per sq. ft. offered: $102.34

Number of Homes under contract: none

Homes sold from Dec. 1, 2009 to Nov. 30, 2010 :  15
Price range from $120,000 to $214,500
Average price per sq. ft. sold: $96.06
Average price of home sold: $162,555
Average days in the market: 114
Bank owned sold: 6
Short sales sold: 4

For homes sold from Dec. 1, 2008 to Nov. 30, 2009
Number of homes sold: 10
Average price per sq. ft. sold: $105.99
Average price of home sold: $183,650
Average days in the market: 83

Drop in sq. ft. sold in one year: 9.3%
Drop in price of home in one year: 11.5%

Prices are in the process of recovering and drops are not as pronounced as previously.
Distressed sales account for 66% of all sales in this past year and are an influencing factor in setting market prices. Please feel free to contact me for further details whether selling or buying.

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