The number of sales for the Corner/Kimberly/Warrior/Morris area increased in May 2010 over May 2009 significantly. However, the average sales price was reduced by $43,000 – an indication of a foreclosure driven market. To further support this theory we compared January-May of 2009 average sales price ($155,314) with January-May 2010 average sales price ($136,168) and saw a 22% decrease in the average sales price. DOM was compared for the same time period and saw an increase from 2009 at 95 days to 2010 at 154 days.
Homeowners | Renters | Vacancy | Avg Mkt Value – May 2010 | Avg Mkt Value – May 2009 | Avg Mkt Value – May 2008 | Active Listings | Active Foreclosures | |
Kimberly | 79% | 11% | 8% | $166,750 | $205,125 | $220,300 | 49 | 4 |
Warrior | 58% | 29% | 12% | $89,650 | $128,033 | $145,537 | 117 | 13 |
Morris | 81% | 13% | 4% | $69,750 | $0 | $0 | 31 | 1 |
No comments:
Post a Comment