Keeping Up to Date

It is always difficult to keep up to date on the market and even more difficult with the current conditions that we are in. Most people know that Real Estate prices have come down but the question is how much and from when. The following are the February 2009 Residential Statistics compared to February 2008.

Summary of Market Stats as of February 2009

Units Listed -14.08%
Units Sold -62.95%
Inventory +28.71%

Condo -- Sales 29
Condo -- Days to Sell 137
Condo -- Average Sold Price $233,268.96
Condo -- % change in sale Price -17.08%

Townhouse -- Sales 18
Townhouse -- Days to Sell 103
Townhouse -- Average Sold Price $328,546.12
Townhouse -- % change in sale Price -10.62%

Lots -- Sales 5
Lots -- Days to Sell 208
Lots -- Average Sold Price $341,633.34
Lots -- % change in sale Price 97.30%

Residential -- Sales 86
Residential -- Days to Sell 86
Residential -- Average Sold Price $447,819.37
Residential -- % change in sale Price -9.83%