THE SWEARINGEN REPORT Years 2007 vs. 2008 ROCKPORT MLS SINGLE-FAMILY AND CONDO/TOWNHOUSE ALL CATEGORIES Jan - Dec, 2007 Jan - Dec, 2008 PERCENT CHANGE
Residential property sales* 534 470 -12.0%
Residential total dollar volume* $115,119,614 $103,516,110 -10.1%
Average residential sales price* $215,580 $220,247 2.2%
Median residential sales price* $155,000 $169,995 9.7%
Total active listings end of month* not avail 648 not avail
Months inventory* not avail 16.5 not avail
*This figure refers to the single-family and condo/townhouse market.
Residential Homes Update
The average sales price for residential homes was $220,247 for January thru December, up 2.2
percent versus the same period last year when it was $215,580.
The median price of residential homes for January thru December was $169,995, versus the same
period last year when it was $155,000, an increase of 9.7 percent.
Total sales of residential homes for Rockport MLS for January thru December was 470,
which was 12.0 percent (64 homes) lower than January thru December, 2007.
The average Days on Market for residential homes for January thru December was 163, the same
as the same period last year.
ROCKPORT MLS SINGLE-FAMILY ALL CATEGORIES Jan - Dec, 2007 Jan - Dec, 2008 PERCENT CHANGE
Residential property sales* 483 416 -13.9%
Residential total dollar volume* $105,520,594 $93,767,865 -11.1%
Average residential sales price* $218,469 $225,404 3.2%
Median residential sales price* $155,000 $169,745 9.5%
Total active listings end of month* not avail 538 not avail
Months inventory* not avail 15.5 not avail
*This figure refers to the single-family home market.
Residential Homes Update
The average sales price for residential homes was $225,404 for January thru December, up 3.2
percent versus the same period last year when it was $218,469.
The median price of residential homes for January thru December was $169,745, versus the same
period last year when it was $155,000, an increase of 9.5 percent.
Total sales of residential homes for Rockport MLS for January thru October was 416,
which was 13.9 percent (67 homes) lower than January thru December, 2007.
The average Days on Market for residential homes for January thru December was 161, 1.3 percent
longer than the same period last year.
ROCKPORT MLS CONDO/TOWNHOUSE ALL CATEGORIES Jan - Dec, 2007 Jan - Dec, 2008 PERCENT CHANGE
Condo/Townhouse sales* 51 54 5.9%
Total dollar volume* $9,599,020 $9,748,245 1.6%
Average sales price* $188,216 $180,523 -4.1%
Median sales price* $175,000 $172,500 -1.4%
Total active listings end of month* not avail 110 not avail
Months inventory* not avail 24.4 not avail
*This figure refers to the condo/townhouse market.
Condo/Townhouse Update
The average sales price for condo/townhouses was $180,523 for January thru December, down 4.1
percent versus the same period last year when it was $188,216.
The median price of condo/townhouses for January thru December was $172,500, versus the same
period last year when it was $175,000, an decrease of 1.4 percent.
Total sales of condo/townhouses for Rockport MLS for January thru December was 54,
which was 5.9 percent (3 homes) higher than January thru December, 2007.
The average Days on Market for residential homes for January thru December was 179, 13.9 percent
shorter than the same period last year.
Information Herein Deemed Reliable but Not Guaranteed
and Does Not Reflect All Transactions In The Market.
Source: Rockport Multiple Listing Service
Single-Family and Condo/Townhouse January - December Market Summary (by Sold Price) Price Range 2007Count 2008 Count 2007DOM 2008DOM
$100,000 - $199,999 209 167 150 163
$200,000 - $299,999 101 93 167 156
$300,000 - $399,999 29 39 261 205
$400,000 - $499,999 32 24 193 146
$500,000 - $599,999 18 18 237 176
$600,000 - $699,999 10 9 198 240
$700,000 - $799,999 4 5 192 307
$800,000 - $899,999 2 1 148 156
$900,000 - $999,999 3 1 110 157
$1,000,000 - $1,099,999 2 1 95 43
$1,100,000 - $1,199,999 1 1 336 218
$1,200,000 - $1,299,999 1 0 305 0
Total 534 470 163 163
11/14/2008 17:26
DOM = Average Days on the Market
Information Herein Deemed Reliable but Not Guaranteed
and Does Not Reflect All Transactions In The Market.
Source: Rockport Multiple Listing Service
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