The numbers are out for July 2010. As predicted, they are down from what they were when the first time home buyers and "repeat buyers" were earning tax credit by being ratified 4/30/10 and closing by 6/30/10. The closing deadline has been extended to 9/30/10, but only for those existing contracts - didn't open any new windows for anyone.
Interest rates are at historic lows and seem to be holding steady. And prices are SO affordable for so many - hopefully potential buyers will realize it's still a GREAT time to buy!
BERKELEY COUNTY:
|
|
2010
|
2009
|
% Change
|
|
Total Sold Dollar Volume:
|
$ 13,823,546
|
$ 17,725,005
|
- 22.01 %
|
|
Average Sold Price:
|
$ 131,653
|
$ 141,800
|
- 7.16 %
|
|
Median Sold Price:
|
$ 124,000
|
$ 144,900
|
- 14.42 %
|
|
Total Units Sold:
|
105
|
125
|
- 16.00 %
|
|
Average Days on Market:
|
69
|
121
|
- 42.98 %
|
|
Average List Price for Solds:
|
$ 145,255
|
$ 163,945
|
- 11.40 %
|
|
Avg Sale Price as a percentage of Avg List Price:
|
90.64 %
|
86.49 %
|
|
|
|
|
|
|
105 homes sold this month and we have 1236 listed – meaning at this rate, we have 11.77 months of inventory –up from last month at 9.69
JEFFERSON COUNTY:
|
|
2010
|
2009
|
% Change
|
|
Total Sold Dollar Volume:
|
$ 10,085,904
|
$ 10,596,086
|
- 4.81 %
|
|
Average Sold Price:
|
$ 201,718
|
$ 216,247
|
- 6.72 %
|
|
Median Sold Price:
|
$ 190,000
|
$ 215,000
|
- 11.63 %
|
|
Total Units Sold:
|
50
|
49
|
2.04 %
|
|
Average Days on Market:
|
93
|
78
|
19.23 %
|
|
Average List Price for Solds:
|
$ 221,739
|
$ 238,982
|
- 7.22 %
|
|
Avg Sale Price as a percentage of Avg List Price:
|
90.97 %
|
90.49 %
|
|
50 homes sold this month and we have 501 listed – meaning at this rate, we have 10.02 months of inventory – up from last month at 8.1
MORGAN COUNTY:
|
|
2010
|
2009
|
% Change
|
|
Total Sold Dollar Volume:
|
$ 1,522,500
|
$ 2,366,800
|
- 35.67 %
|
|
Average Sold Price:
|
$ 169,167
|
$ 157,787
|
7.21 %
|
|
Median Sold Price:
|
$ 175,000
|
$ 150,000
|
16.67 %
|
|
Total Units Sold:
|
9
|
15
|
- 40.00 %
|
|
Average Days on Market:
|
105
|
96
|
9.38 %
|
|
Average List Price for Solds:
|
$ 193,704
|
$ 183,140
|
5.77 %
|
|
Avg Sale Price as a percentage of Avg List Price:
|
87.33 %
|
86.16 %
|
|
9 homes sold this month and we have 343 listed – meaning at this rate, we have 38.11 months of inventory – up significantly from last month at 14.5.
If you, your family or your friends are looking to buy or sell a home, I would be honored to help them! Call me anytime at 304-261-8517.
Sincerely,
Andrea Burke