Taking a look at the past 6 months of sales in the area, we see the following:
4/1/2008 - 10/30/2008
# of Closed Sales: 13
Average Sales Price: $654,687
Range: $500,000 - $872,000
Average Days on the Market: 78
4/1/2007 - 10/30/2007
# of Closed Sales: 18
Average Sales Price: $814,584
Range: $525,000 - $1,380,000
Average Days on the Market: 59
It appears that these samples are very different. The sales price this time last year was higher, but the sample size was weighted heavily towards the upper end. The days on the market is consistent with the general North Arlington market - about 2.5 months.
No comments:
Post a Comment