Weekly Scorecard 8-24-09
Well the beat keeps going on. The number of listings is down to 280 so the inventory keeps fluctuating between 280 and 290. Sales were good at 12 sales but this week no sales were over a $1,000,000 but the per sq. ft. price edged up to $233 per sq. ft. and the average sales price was in more typical range at $438,750, i.e. under $500,000. Also appeared to be no bank owned homes or short sales.
Five homes went pending. The per sq. ft. average was $231 per sq. ft. and the average lsit price was $501,710. Again no homes over $1,000,000. There was one bank owned home pending. It was the same dinger at $254,900. Let’s see if it makes it to the finish line this time. Open house traffic appears good but the buyers I am talking to are really diggin in on price.
Things do seem to be just marching along.