If you are a stats junky you will find this interesting.  If you need help to understand it please let us know.

Basically it says that Ithaca's market is moving,  the lower price ranges more than the higher ranges. 

There are many homes on the market and more coming on every day. 

Currently there are 629 properties for sale

·        40% (255 listings)of them are listed for under $200,000 with the average price at $139,777 at 101.48 per square foot.

·        24% (153 listings) are $200,001 to $300,000 with average right at $250,219 and $133.01 per SF

·        14% (92 listings) are $300,001 to $400,000 with the average at $355,247 at $158.56 per SF

·        15% (96 listings) are 400,001 and up with the average at $639,706 and $238.54 per SF (lake front are predominantly in this mix.

Currently there are 223 properties that are Under Contract and Take back ups (Keep in mind that these are using the list price as stats and not a sold price)

·        17% (39 listings)are at a list price of $100,000 and under average at $77,958 and $59.11 per SF

·        47% (104 listings)  are at a list price of $100,001 to $200,000 with the average at $150,726 and $109.00 per SF

·        24% (53 listings) are at a list price of $200,001 to $300,000 ($240,111 avg  and $123.60 per SF)

·        12% (27 listings) are at a list price of $300,000 and above ( $419,674 and $170.52 per SF)
 

 Currently 112 Properties have sold in 2010 YTD 3.29.2010 (in 2009 same time period 108 sold)

·        18% (20 listing)were listed at $100,000 and below with the Average at $71,753 price per at $55.39

·        43% (48 listings) were listed at $100,001 to $200,000 average at $148,020 ($95.26)

·        30% (33 listings) were listed at $200,001 to $300,000 average at $225,701 (118.85 )

• 9% (11 listings) were listed above $300,000 average at $432,355  (223.77)

Ask a RE/MAX In Motion agent for help today.