Thursday, February 19, 2009

How do you want to spend your time?

As of today, the Florence area market,including Mapleton, has 448 active residential listings with an average asking price of $284,000. In the last 30 days, there have been 10 residential sales with an average sold price of $234,000 with an average time on market of 370 days. The 10 properties that actually sold had been reduced to an average price of $257,000.

If we exclude condo sales from the above data, the average active asking price is $319,000 with an average sold price in the last 30 days of $210,000.

The story here is that when listing prices are within 10% of the actual value, they sell. If you are tired of non activity as a seller you may want to request a thorough CMA to check your market position. At this time it appears that the market is dropping at a rate of about 1% per month. When you as a seller, add insurance , taxes and other carrying costs, you may find a price reduction to be beneficial to your financial and personal goals!

I you are a buyer, there are many excellent buying opportunities to choose from! Call me today for a no obligation market analysis or a market overview from a buyer's perspective. I can save you time!


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