Number of Homes offered for sale: 1
Listed price: $ 130,000
Price per sq. ft. offered: $ 91.29
Number of Homes under contract: 5
Price range : $ 120,000 to $ 150,000
Average Price per sq. ft.: $ 78.67
Homes sold from April 7, 2011 to April 6, 2012 : 16
Price range from $ 115,000 to $ 187,500
Average price per sq. ft. sold: $ 82.31
Average price of home sold: $ 148,441
Average days in the market: 59
Bank owned sold: 5
Short sales sold: 7
Homes sold from April 7, 2010 to April 6, 2011: 15
Price range from $ 118,296 to $ 196,000
Average price per sq. ft. sold: $ 90.75
Average price of home sold: $ 157,875
Average days in the market: 91.61
Bank owned sold: 7
Short sales sold: 3
Last 6 months: Conditions are definitely improving.
Number of houses sold: 4 - Not many houses available for purchase.
Price range from $129,900 to $187,500
Average price per sq. ft. $ 88.51, above last 12 months average of $ 82.31
Average price per home sold: $ 155,408, compared to $ 148,441 last year average.
Avereage days in the market: 51, compared to 59, same period.
Drop in sq. ft. sold in one year: 9.3%
Drop in price of home in one year: 6.0%
Prices keep dropping in Winfield at a much slower pace. 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 April 6. This may be a good sign that inventory, being so low, prices will begin to pick up in Winfield. First time buyers are taking advantage of affordable prices and investors area also a key factor in buying houses. This is a good time to put your house on sale. Prices of sold houses in the last year dropped 3.8% over the asking price.
Distressed sales (bank-owned and short sales) account for 75% of all sales in this past year, short sales selling more than bank-owned properties, and is an influencing factor in setting market prices. Feel free to contact me for further details whether selling or buying.
