Welcome to the after Thanksgiving version of the weekly sales report. As always, this report will detail the total number of sales during the past week along with the prices and locations of those sales. Like most of us during Thanksgiving week, sales were sluggish.
For the week of November 21th through the 27th, there were a mere 18 residential sales in Leon County. That number is almost half of the prior week's sales (35), but most of that can be attributed to a week with only three working days. Averaged over a full week, we were extrapolated to have 30 sales and that would be consistent with our 4th Quarter weekly average in the mid-20s.
Of the 18 sales, almost half of those (8) sold under $100,000. Investment activity continues and there are a lot of good investment deals out there. Call me for advice and perspective on buying investment property (850-251-6643). 6 of the 18 sales were over $200,000 with only one of those being over $300,000.
Sales in the Northeast were not as strong last week as in weeks prior. 8 of the 18 sales last week were in the Northeast. Six sales took place in the Northwest; four properties sold in the Southeast; zero homes sold in the Southwest.
MY ADVICE: If you can afford it (and now-a-days, almost every can), I recommend buying in the Northeast. If you want to buy in the NW, SE, or SW, I would encourage you to wait another few months as prices continue to decline. Sell in these quadrants as fast as you can. Again, look to buy in the Northeast.
The average and median sales prices took a nosedive this week. Average price was $144,361 while the median price was very modest $138,500. Now is a great time to buy!
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