Oak Creak Real Estate Market Activity update for October 2009

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

There was 25 sold properties in October 2009 with an average sold price of $189,501 with a list to sales ratio of 93.20%.  In addition, there was 50 expired listings in October.

In October 2009 there was 10.7% fewer sales when compared to 2008 sales activity.  This is one of the few areas that I reviewed that reflected a decrease in sales activity in October 2009.  However, there was a reduction of newly added listings of 22%.  The good news is that the new listings declined however not sure why the sales activity declined when compared to the rest of the market.

There are currently 266 properties on the market with an average list price of $241,775 and have been on the market an average of 260 days.

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Keith Manson

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