Greg and Michelle Steffens
909.336.7971 direct | 909.534.8183 cell | info@gregsteffens.com
OCTOBER 2007 vs. OCTOBER 2008
|
October |
2007 |
2008 |
|
New Listings |
39 |
51 $424.9K $215K - $1.299M |
|
Listings Sold |
22 |
31 $315K $169.9K - $1.35M |
|
Avg. Days On Market |
165.8 |
109.3 95.6 |
| Price Reductions | 16/22 (72.7%) | 14/31 (45.2%) |
| As you can see, there were a dozen more new listings in '08 than in '07, though the median list price went down just over $60K. House sales were also 9 up over the prior year, though the median sale price went down $100K (this, by the way, doesn not mean that property values have gone down $100K, just that people are buying houses in a lower price range). Average days on market decreased by almost 2 months and the average list-to-sale percentage went up a little - 2/10 of a percent. The number of properties that did a price reduction before they received an acceptable offer decreased dramatically - over 25% less. |