Happy Thanksgiving to Everyone! Today I'm sure that everyone is getting extra helpings of food, so we'll get a double dose of real estate sales as well. I am going to post last week's figures and this week's figures today.
There were 28 residential sales in Leon County the week of the 7th through the 13th. This figure is in line with our previous few week's of activity and is consistent with the time of year.
Of the 28 sales, 6 of those were under $100,000. This is evidence of investor activity continuing and the increased affordability that has allowed more and more lower income buyers to purchase a home. Adding more buyers increases demand and that is good for the market. 11 sales were over $200,000 and 4 of those 11 were over $300,000.
Almost half (13) of the 28 sales were in the Northeast. Nine sales took place in the Northwest. There were only two sales in the Southeast while there were four sales in the Southwest.
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 ($193,687) and median price ($160,000) were similar to last week and stand above the yearly figures of $190,180 and $162,500, respectively.
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