It is not just hot outside our market is picking up…
Fall is about to lower our temperatures, and bring the Kids back to school---So, I thought you might be interested in the year to date stats through July as compared to last year regarding MLS sales. As you can see we are slightly ahead of last year in closed units and up in both average sales price and median sales price. You will also note that Seller owned closings are slightly ahead of lender owned properties. Last year at this time 62% of the closings were lender owned as compared to 39% this year. Short sales have almost doubled in number and will continue to be a factor in our market and currently represent about 21% of the market. Seller owned property was only 27% of our closings last year as compared to 40% this year which is a good sign for our recovery. Finally, the active inventory currently is at 35,900 only slightly up from January when it was 33,400 while pending and AWC escrows seem to be holding steady at around 16,500 units.
| | | | Closed | Avg SP | Median SP |
| Jan/July 2009 | | Lender Owned | 33,242 | $ 119,845 | $ 95,000 |
| | | Short Sale | 5,680 | $ 192,345 | $ 149,000 |
| | | Seller Owned | 14,661 | $ 265,321 | $ 189,900 |
| | | | 53,583 | $ 167,438 | $ 122,000 |
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| Jan/July 2010 | | Lender Owned | 21,784 | $ 129,875 | $ 103,000 |
| | | Short Sale | 11,743 | $ 165,767 | $ 125,000 |
| | | Seller Owned | 21,928 | $ 228,395 | $ 158,533 |
| | | | 55,455 | $ 176,499 | $ 127,000 |
Please let me know if you have any questions, or If you know anyone looking to buy or sell a home I would be happy to assist them. J
Take care,
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P Think Green. Please only print this email when necessary.
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