Pecan Creek Market Statistics for November 2008

There were a total of 140 closed sales from June 1st to November 30th in 2008 compared to 65 in June 1st of 2007 to November 30th of 2007. The average selling price for that period was $148,340 compared to an average selling price of $215,899 for the same period in 2007, a percentage drop of 31%. The average sales price per square foot was $71.48 compared to $99.06 for the same period in 2007. The average number of days a house was on the market was 59, compared to 88 days for the same period in 2007. Currently there is a 5 month supply of inventory with 140 houses on the market for sale as of 12/05/2008.  With prices down so low and interest rates very favorable it is a great time to buy if you know where to look.  As real estate experts in Pecan Creek, we're here to help you find a great property at a great price, please contact us today for an up to date FREE market report or a list of bank owned foreclosed homes.