Special offer

One bedroom condo sales Jan-Aug 2009 vs 2010.

By
Real Estate Agent with Coldwell Banker Residential Brokerage

While trying to compare sales of one bedroom condos sold between January 1st and August 30 in 2009 and during the same period in 2010 I found that the median price in 2009 (Jan-Aug) was $85,750 and $155,000 for the same period this year.

  Nr. Units Avg. Price Median Price Max. Price Min. Price  
2009 10 $92,368 $85,750 $51,750 $139,900  
2010 3 $161,333 $155,000 $175,000 $154,000  
             

Because only 3 one bedroom units were sold this year the statistics can be skewed. In future posts I will show how 2 bedroom condos and 3 bedroom condos behaved.

 

Stay tuned!

 

www.HomesByNestor.com

Posted by

 

Comments(2)

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Nice work keeping everyone up to speed on the market stats for your area. The buying public want as much info as possible when considering an area and your statistics are important in their process.

Aug 30, 2010 10:33 PM
Nestor Realtor
Coldwell Banker Residential Brokerage - Danbury, CT
www.HomesByNestor.com

Thank you Larry and Sheila.

I think it is important for buyers and sellers to realize that each market and segment is different. I found, for example, that the average selling price for 2 BR condos in Danbury in 2010 have been the same when compared to 2009. Amazing, isn't it?

Thank you again for stopping by!

Nestor

Sep 01, 2010 07:23 AM