Ithaca Real Estate - ICSD SFD Market Report for 2010, Year-to-Date:
Our market as a whole has performed very well from 2009 into 2010. To date, we are ahead in the ICSD niche market, by 20 sales, with 118 pending. The average sold price in the area went from $163,760 in 2009 to $175,610 in 2010. The median went from $150,000 to $170,000. The market was certainly stimulated by the first time buyer's and move up buyer's tax credits. Nonetheless, the median price has jumped significantly, instead of trending down as it did from 2008 - 2009. In that year, just 94 homes sold in the ICSD for the same time period, with the average sold price at$225,258, and the median sold price at $197,000.
Ithaca City School District – Market Report
Single Family and SFD w/Apartment
SOLD Jan 1- Dec 31, 2009, ICSD – 324 Properties
|
Statistics (324 listings) |
|||||
|
|
Low |
High |
Average |
Median |
Total |
|
List Price |
$50,000 |
$795,000 |
$222,993 |
$199,945 |
$72,249,686 |
|
Selling Price |
$25,000 |
$745,000 |
$212,550 |
$190,000 |
$68,866,142 |
|
Sold/List(%) |
43.48% |
114.04% |
95.06% |
95.90% |
-- |
|
Price/SqFt ($) |
$7.04 |
$224.07 |
$120.20 |
$118.00 |
-- |
|
Price/Acre ($) |
$0.00 |
$3,800,000.00 |
$241,535.88 |
$71,773.00 |
-- |
|
Days on Market |
33 |
598 |
126 |
100 |
-- |
ACTIVE 2010, ICSD - 173 Properties
|
Statistics (173 listings) |
|||||
|
|
Low |
High |
Average |
Median |
Total |
|
List Price |
$59,900 |
$1,350,000 |
$298,051 |
$249,900 |
$51,562,785 |
|
Price/SqFt ($) |
$35.32 |
$370.43 |
$134.69 |
$129.69 |
-- |
|
Price/Acre ($) |
$0.00 |
$1,846,153.85 |
$266,022.13 |
$109,124.09 |
-- |
|
Days on Market |
4 |
445 |
85 |
57 |
-- |
PENDING 2010, ICSD - 118 Properties
|
Statistics |
|||||
|
|
Low |
High |
Average |
Median |
Total |
|
List Price |
$69,900 |
$695,000 |
$243,173 |
$225,000 |
$28,694,400 |
|
Price/SqFt ($) |
$41.61 |
$224.39 |
$129.55 |
$130.50 |
-- |
|
Price/Acre ($) |
$0.00 |
$1,600,000.00 |
$201,774.07 |
$0.00 |
-- |
|
Days on Market |
8 |
680 |
93 |
61 |
-- |
As of May 13, 2009, there were 159 properties sold in the Ithaca City School District. This year, for the same period, 179 homes have sold. We currently have a 6.4 month supply of homes for sale within this niche market. Both the average and median sold prices have shown substantial gains for the period.
SOLD, Jan 1-May 13, 2009, ICSD
|
Statistics |
|||||
|
|
Low |
High |
Average |
Median |
Total |
|
List Price |
$19,500 |
$595,000 |
$174,316 |
$159,999 |
$27,716,313 |
|
Selling Price |
$16,000 |
$550,000 |
$163,760 |
$150,000 |
$26,037,886 |
|
Sold/List(%) |
43.48% |
104.22% |
93.49% |
94.95% |
-- |
|
Price/SqFt ($) |
$10.39 |
$204.84 |
$95.69 |
$94.34 |
-- |
|
Price/Acre ($) |
$0.00 |
$1,032,608.70 |
$139,185.81 |
$49,025.27 |
-- |
|
Days on Market |
4 |
644 |
159 |
131 |
-- |
SOLD, Jan 1-May 13, 2010, ICSD
|
Statistics |
|||||
|
|
Low |
High |
Average |
Median |
Total |
|
List Price |
$19,900 |
$625,000 |
$185,186 |
$175,000 |
$33,148,330 |
|
Selling Price |
$21,500 |
$520,000 |
$175,610 |
$170,000 |
$31,434,151 |
|
Sold/List(%) |
72.24% |
115.38% |
94.74% |
95.16% |
-- |
|
Price/SqFt ($) |
$15.76 |
$192.31 |
$98.85 |
$99.66 |
-- |
|
Price/Acre ($) |
$0.00 |
$10,950,000.00 |
$205,465.06 |
$56,933.33 |
-- |
|
Days on Market |
34 |
624 |
152 |
128 |
-- |
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