Blog, Market, Real Estate
February 2009: The Numbers
April 20, 2009 by heighlo · Leave a Comment
FMLS stats for the month of February 2009
Condos/Townhomes:
| Area | # of Sales | Total Sales Volume | Avg Sale Price | Average Original List Price | Sales Price to Final List Price | Average Total Days on the Market* |
| 21 | 33 | $ 7,968,790 | $ 241,477 | $ 292,145 | 91.90% | 148.5 |
| 23 | 26 | $ 5,381,980 | $ 206,996 | $ 232,762 | 93.70% | 144.5 |
| 24 | 5 | $ 1,270,000 | $ 254,000 | $ 297,634 | 96.80% | 111.6 |
| TOTALS | 64 | $ 14,620,770 |
Single Family Homes
| Area | # of Sales | Total Sales Volume | Avg Sale Price | Average Original List Price | Sales Price to Final List Price | Average Total Days on the Market* |
| 21 | 20 | $11,614,500 | $ 580,725 | $ 659,175 | 93.3% | 151.7 |
| 23 | 18 | $9,411,900 | $ 522,883 | $ 570,477 | 94.7% | 131 |
| 24 | 27 | $5,068,041 | $ 187,705 | $ 211,952 | 94.0% | 110.5 |
| TOTALS | 65 | $26,094,441 |
Click here for FMLS Area descriptions
In both the condo/townhome & home markets – there is still a large difference in the average original list price for the area and the average sale price. Listings continue to be priced higher than the market. Requiring sellers to reduce their list price during the course of marketing and then still negotiating on price to sell.
