The weekly sales report is nearing its year end, and we have some good news coming out of the slow holiday week. Remember, the weekly sales report details the number of weekly sales along with where those sales took place and for how much they sold.
For the week of November 28th through December 4th, there were 38 residential sales in Leon County. That figure represents a big jump from last week and an increase in sales of over 30% from the weekly numbers we've been seeing throughout the 4th quarter. I hope to see these numbers continue to pick up. This year we've been selling about 40 properties per week on average, and we'll need to match that average in 2011 to keep the market from sliding any further.
Of the 38 sales, only 5 were sold under $100,000. A surprising 16 properties sold over $200,000 with 8 of those 16 selling over $300,000. Though the higher end market (in Tallahassee, that's basically over $250,000) has been slow for some time, it seems that the affluent buyers are seeing real value now and deciding to purchase.
This week, an incredible 63% of the sales (24) took place in the Northeast; 7 properties sold in the Northwest along with 7 in the Southeast, but no houses sold in the Southwest last week.
The average and median sales prices for the week were up big with the average price topping $200,000 for the first time in recent memory at $204,812 and the median price coming in at $174,250. Let's hope this keeps up!
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