Fourth Quarter 2010
The fourth quarter of 2010 did not compare well with 2009. Fewer transactions, slower time to close, a ten percent drop in average sales price.
We do not expect this decline in sales to continue long. As interest rates start to climb (this climb is inevitable), buyers will decide to get off the fence and begin making offers.
If you are a buyer, now is the time. If you are a seller, be patient.
As of this post, there are 161 single family residences on the market, ranging in list price from $69,000 to $4.25 million. The average list price is $863,210.
If you'd like the selling details of the home that closed in your neighborhood, send me an email. I'll be happy to send them to you.
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