A new month, Daylight Saving Time, and now the 9th installment of our weekly sales report. Amid all the change, I'm still reporting on the total number of sales, the location of those sales, and the price ranges of those sales. Be sure to read through the entire blog, as I've started including a "My Advice" section at the bottom. Thanks for reading!
During the week of October 31st through November 6th, twenty-two (22) homes sold in Leon County. That figure represents roughly a 60% drop from the number of sales from last week but returns to the pattern of weekly sales in the mid-20s. I still think that, despite last week's aberration, we will see weekly sales hover in the twenties through next Spring.
Of the 22 sales, twenty-two percent (5 houses) were under $100,000; this is a sign of investor activity increasing. Seven of the 22 sales were over $200,000 and 3 of the 7 sold for more than $300,000. The median sales price per square foot this week was $84.91 (almost a $17 per square foot drop from last week - a sign of volatility in the market).
By quadrant, 12 sales (54%) were in the Northeast, 5 were in the Northwest, 4 were in the Southeast, and just one property sold in the Southwest. The northern half of town is still seeing the majority of sales, and the Northeast continues to dominate the market.
MY ADVICE: UNCHANGED - If you are looking to buy, then buy in the Northeast or in an established Northwest subdivision. If you are looking to sell, make sure that your home is in pristine condition and priced below the median price per square foot in your neighborhood.
This week's average ($191,328) and median price ($169,950) were similar to last week and stand above the yearly figures of $190,180 and $162,500, respectively.
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