What is Happened in the Oak Creek Real Estate Market during March 2009?

By
Real Estate Agent with First Weber Group/short sale/cdpe/gri

During the month of March, the Oak Creek market slipped a bit.  Twenty three properties sold during March which is 9 less than sold in 2008.  However, the first two months on 2009, Oak Creek  had one of the market results with 7 more sales in January and Feburary of 2009 than happened in 2008.  However, there are already 17 accepted offers already as of April 4th getting prepared for a great April!

The good news is that there were less listings added in March compared to the previous year with only 54 new listings being added compared to 76 new listings being added in 2008.

 

The average sales price of the 24 sold properties during March was $177,695 with and average list to sell ratio of 96.78 % and 94.55% from the original list price.  The average time on the market was 102 days.

 

There is currenlty 315 properties listed with a average list price of $266,134 and an average time on the market of 220 days.

 

 

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Keith Manson

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