Welcome to the 4th installment of our weekly sales report. Remember, the 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 September 26th through October 2nd, there were a remarkable 53 residential sales in Leon County. That figure is more than double the sales from last week (24), and roughly 33% higher than two weeks ago (39).
This dramatic increase is hard to explain. It is a figure we would expect to see during the Summer months. Weekly sales obviously fluctuate quite a bit, but this week's figure is higher than our average weekly sales figure (~ 46), an unusual occurrence during the Fall and Winter months.
Of the 53 sales, 16 of those were over $200,000 with 7 of those 16 being over $300,000. 13 properties sold for less than $100,000 with 5 of those sales closing at or below $50,000.
It is interesting to note that this market is bucking the bell curve trend, that is, we are seeing a more even distribution amongst price ranges than we ordinarily would. Typically, there would be a high concentration of sales between $100-200,000 with very few sales above or below that. Now, there is more even spread of purchases of the high highs and low lows.
By quadrant, 25 sales were in the Northeast, 11 were in the Northwest, 12 were in the Southeast, and 5 properties were sold in the Southwest. As we have seen in the past, Southwood continues to dominate sales in the Southeast (7 this week). The Northeast is still seeing the highest percentage of sales which is great news for anyone with a property to sell there.
This week's average ($170,972) and median ($162,000) sale prices were both relatively close to the yearly marks of $181,857 and $159,900, respectively.
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