Wow! Here we are entering our second month of posting weekly sales stats. Welcome to the 5th installment of the weekly sales report. Each sales report will detail the total number of sales, the prices ranges of those sales, where those sales took place, and a few explanatory notes.
For the week of October 3rd through October 9th, there were 25 residential sales in Leon County. That figure falls by over half from last week's astonishing 53 sales to almost match the sales figures from two weeks ago (24).
I mentioned last week that the surge in sales to 53 in a week was hard to explain, and it is not surprising to see the figure fall back into the 20s. So far we have had 25, 39, 24, 53, and 25 sales for the last five weekly totals. There looks to be something of a trend being established. As we've talked about before, I expect to see weekly sales hover in the mid-20s per week for most of the rest of the year.
Of the 25 sales, 10 of those were over $200,000 with 4 of those 10 being over $300,000. Four properties sold for less than $100,000. The median sales price per square foot this week was $98.61. This is a stat which I may start mentioning more often.
By quadrant, 15 sales were in the Northeast, 5 were in the Northwest, 4 were in the Southeast, and just one property was sold in the Southwest. For repeat readers, you will notice the sales in the Northeast quadrant continuing to dominate local activity.
This week's average ($189,105) and median ($128,000) sale prices were drastically different for the first time since we've tracked these figures. That difference shows an overweight on inexpensive homes as lower income buyers are able to afford homes for the first time in almost a decade.
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