It's time again for my weekly update on newly properties on market. The numbers of homes newly marketed continue to decline from the previous week of 67 homes to 61 homes listed with area Realtors®; carrying an average sales price of $184,743 or $99.31 per square foot. The total amount of current inventory as of Wednesday, February 11th, 2009 declined to 2,214 homes listed for sale. The average sales price is $215,889 and with an average size of a home is 1,863 square feet, which calculates to $115.88 per square foot.
1 duplex listed at $56,700
1 condo listed at $245,000
2 mobile homes listed with an average sales price of $97,250
3 townhomes/villas with an average sales price of $96,600
54 single family homes with an average price of $194,136
The priciest home that came newly on the market is a newly renovated 1980 Spanish Mediterranean pool home located in the Lone Palm Golf Club community; featuring 4 bedrooms and 4 baths with over 3,600 square feet of living space currently offered for $999,900. On the contrary, the cheapest home newly on the market is a bank-owned 3 bedroom 1 bath home listed for $37,500 - $35.24 per square foot. The data for this report was obtained from the Mid-Florida Regional MLS, it is deemed reliable but not guaranteed. This report does not include "For Sale By Owner".
For more information read the rest of this entry here.
Managing Broker - CDV TransAtlantic, Inc.
(863) 619-6918
Hi Petra...Nice Market update, did I hear your listing inventory is declining ?...mmm does that mean maybe you've passed the bottom? Buyers ...If You Snooze You Lose !
Cheers, thanks for sharing your market report :O)
Nice update , Petra. I am surprised to read that condos are more expensive than homes. I have seen a great decline in our "neck of the woods". Our medium home price here is around $348,000 and has come down significantly. Inventory here is also declining but not as much as the nation average of 18%. About 70% of all homes sold in the last 5 years here in Gilroy are "under water". Keep us posted.
Anja K Kerstens
Fred - Let's hope the inventory keeps declining.
Anja - This update here only shows what's new on the market for that particular week. Currently our median home price for condos is $149,450 with a total of 115 units currently for sale. Only 2 condos were sold last month and for the last six month 14 have sold - median sold price $104,700. This is a more realistic figure to our total median home prices of $131,335.
Petra nice job keeping your readers informed on what is going on in the RE market.
Bill - I appreciate you stopping by reading my updates on newly listed. I try my best to keep consumers informed on a weekly basis with a monthly report of what has been sold.