My dear followers! I'm sorry that I haven't posted a new blog since Monday. I've been a bit under the weather (and the weather isn't helping!), but I am bringing you the weekly sales report right on schedule. Remember, this report (now in its 7th week) will detail the total number of sales in Leon County along with the price range and location of those sales. Here goes...
For the week of October 17th through October 23rd, there were 25 residential sales in Leon County (down 3 from last week). This is now the third consecutive week of sales in the mid-20s. Remember that I have predicted that sales per week will hover in the mid-20 range for the rest of the year.
Of the 25 sales, 4 were under $100,000. Nine of those were over $200,000 with only 1 of the 9 being over $300,000. The median sales price per square foot this week was $97.45 (about 30 cents lower than last week). I predict that this statistic will continue to fall also, probably for at least another year.
By quadrant, a whopping 17 sales (68%) were in the Northeast, 3 were in the Northwest, 3 were in the Southeast, and 2 properties sold in the Southwest. My old slogan "flight to quality" may now be an understatement. It would be safe to say that buyers are flocking to the Northeast in droves!
MY ADVICE: If you have a house to sell that isn't in the Northeast, then drop your price FAST.
This week's average price ($176,963) was up and the median price ($150,000) stayed the same.
No comments:
Post a Comment