With going back to school and other similar activities associated with September, its not surprising that September is one of the slowest months for home sales. While the numbers of listings have remained fairly consistent, the homes sales have dropped from 15 in August to only 3 in September. The condos sales remained the same with 3 sales both in August and September. With 4th quarter starting off with some great drops in interest rates, the housing market is expected to pick up. Here are your statistics for the Lake View Hills Neighborhood for the month of September as well as all of the 3rd Quarter.
Residential Homes Sales
Active Listings: 78
3 homes under contract
Average Asking Price: $245,250
Average Price per Square Foot: $140
List Price Range: $999,900 (high) to $134,900 (low)
5 Pending Sale averaging $194,360
September 2007 Sales: 3 Sales
Average List Price: $234,900
Average Sold Price: $222,333
Average List Price per Square Foot: $111
Average Sold Price per Square Foot: $108
Sold Price Range: $310,000 (high) to $177,000 (low)
Average days on market: 65
3rd Quarter 2007: 27 sales
Average List Price: $198,855
Average Sold Price: $193,762
Average List Price per Square Foot: $125
Average Sold Price per Square Foot: $122
Sold Price Range: $310,000 (high) to $149,000 (low)
Average days on market: 51
Condominiums:
Active Listings: 47
3 condos under contract
Average Asking Price: $190,340
Average Price per Square Foot: $115
List Price Range: $399,900 (high) to $115,000 (low)
2 Pending Sale at average of $215,900
September 2007 Sales: 3 Sales
Average List Price: $143,400
Average Sold Price: $140,633
Average List Price per Square Foot: $107
Average Sold Price per Square Foot: $105
Sold Price Range: $155,000 (high) to $122,000 (low)
Average days on market: 66
3rd Quarter 2007: 7 Sales
Average List Price: $151,828
Average Sold Price: $149,431
Average List Price per Square Foot: $109
Average Sold Price per Square Foot: $108
Sold Price Range: $215,000 (high) to $104,920 (low)
Average days on market: 73
* All information obtained through the SCWMLS courtesy of Mindy Allen, Keller Williams Realty.
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