As you can see from the graphs below, we continue to see fewer sales than this time last year, but notice that the number of homes under contract remains the same. We are also seeing our average selling price working out to higher than last year, so taking into consideration the fewer sales, I consider things to be holding steady.
Here's a look at the number of homes at the different price points sold during June of 2009: We are starting to see the homes over $300,000 move more, which is great to see.
| $ - | $100,000.00 | 12 | |
| $ 101,000.00 | $125,000.00 | 15 | |
| $ 126,000.00 | $150,000.00 | 26 | |
| $ 151,000.00 | $175,000.00 | 18 | |
| $ 176,000.00 | $200,000.00 | 16 | |
| $ 201,000.00 | $225,000.00 | 7 | |
| $ 226,000.00 | $250,000.00 | 7 | |
| $ 251,000.00 | $275,000.00 | 2 | |
| $ 276,000.00 | $300,000.00 | 5 | |
| $ 300,000.00 | and above | 13 |
And now the charts:
Areas used : Rapid City, Box Elder, Piedmont Valley, Rapid Valley, Elk Creek, Nemo Road,
Pine Grove, and Sheridan Lake Road
Date range for active stats: as of 6/1/08 and 6/1/09
Date range for sold stats: 1/1/08 to 6/1/08 and 1/1/09 to 6/1/09
This representation is based in part or in whole by data supplied by the Black Hills Association of REALTORS® or its MLS for the periods shown. Neither the Association nor its MLS guarantee or is any way responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activity on the market.
Have a great summer - it's going by fast!!
-Tristan
Prudential Kahler REALTORS
www.rapidhomesonline.com
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