Kingston Fourth Quarter Report

Fourth Quarter 2010

The fourth quarter of 2010 closed only nearly 40% fewer transactions than in 2009, but the average closing time was less than half as long.

The average sales price decreased by 26%.  On the average, sellers accepted 11% less than their original asking price.

If you are a buyer, now is the time. If you are a seller, be patient.

As of this date (February 1), there are 38 single family residences on the market, ranging in list price from $60,000 to $1.2 million. The average list price is $427,462.  If the $1+ million listing is not taken into account (it's clearly an exceptional property), the average list price is $406,500.

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.