Statistics as reported by the MidFlorida Listing Service MLS to May 23, 2011
Number of Homes offered for sale: 1
Listed price: $ 135,000
Price per sq. ft. offered: $ 77.63
Number of Homes under contract: 8
Price range : $ 119,900 to $ 199,000
Average Price per sq. ft.: $ 88.24
Homes sold from May 23, 2010 to May 23, 2011 : 13
Price range from $ 118,296 to $ 196,000
Average price per sq. ft. sold: $ 89.60
Average price of home sold: $ 155,196
Average days in the market: 143
Bank owned sold: 5
Short sales sold: 3
For homes sold from May 23, 2009 to May 23, 2010
Number of homes sold: 11
Average price per sq. ft. sold: $ 103.25
Average price of home sold: $ 181,098
Average days in the market: 88
Drop in sq. ft. sold in one year: 13.2%
Drop in price of home in one year: 14.3%
There has been a sharp drop in prices in Winfield over the last year. More buyers are coming into the market and this is reflected in the outstanding number of pendings, that is, houses under contract, to such extent that actually the houses available for sale are severely reduced to just one as of May 23. This may be a good sign that inventory, being so low, prices will begin to pick up in Winfield. This is a good time to put your house to sale.
Distressed sales account for 62% of all sales in this past year and is an influencing factor in setting market prices. Feel free to contact me for further details whether selling or buying.
