Updated Statistics to September 8, 2011

Statistics as reported by the MidFlorida Listing Service MLS to Sept 8, 2011

Number of Homes offered for sale: 1
Listed price: $ 150,000
Price per sq. ft. offered: $ 92.76

Number of Homes under contract: 6
Price range : $ 120,000 to $ 162,750
Average Price per sq. ft.: $ 75.24
Homes sold from Sept 8, 2010 to Sept 8, 2011 :  14
Price range from $ 118,296 to $ 196,000
Average price per sq. ft. sold: $ 86.88
Average price of home sold: $ 153,875
Average days in the market: 167
Bank owned sold: 5
Short sales sold: 3

For homes sold from Sept 8, 2009 to Sept 8, 2010
Number of homes sold: 15
Average price per sq. ft. sold: $ 97.88
Average price of home sold: $ 172,265
Average days in the market: 76

Drop in sq. ft. sold in one year: 11.2%
Drop in price of home in one year: 10.7%

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 September 8. 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. Prices of sold houses in the last year dropped 3.5% over the asking price.

Distressed sales account for 57% 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.