Cortina Market Stats for December 2008

There were a total of 75 closed sales from July 1st to December 31st in 2008 compared to 26 in July 1st of 2007 to December 31st of 2007. The average selling price for that period was $247,247 compared to an average selling price of $332,037 for the same period in 2007, a percentage drop of 25%. The average sales price per square foot was $99.50 compared to $127.73 for the same period in 2007. The average number of days a house was on the market was 87, compared to 161 days for the same period in 2007. Currently there is a 3.3 month supply of inventory with 41 houses on the market for sale as of 01/05/2009.  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 Cortina, we're here to help you find a great property at a great price, please contact us today for an up to date market report or a list of bank owned foreclosed homes.