Post by Admin on Dec 23, 2016 15:36:04 GMT -5
SLRRealEstate2016.docx (18.23 KB)
This summary covers the period of May 2016 through November 21, 2016.
Of 30 transactions, 17 are “qualified” sales ie market sales with a new sales price. The other "sales" are not considered true market sales and are usually quitclaim deeds, trust or probate transactions. These transactions do not change the Sale Price and are usually administrative. The Property Appraiser's Office is monitoring for "quit claim deed sales" as previously discussed in another thread.
Of the 17 sales, 3 were lots ranging from $7-41K. The old Pitts lot on Grayhackle sold for $7K. The other two lots were waterfront.
The 14 remaining sales were houses and of those, 4 were doublewides.
The average house sale is $31,800 reflecting the typical 300'-400' sq ft housing. The range was from $13,800-$45K.
The doublewides with sq ft range from 860'-1000'+ ranged from $40K to $92K. There are not enough #'s of sales to get a reasonable average selling price. The prices were $92,000, $72,000, $71,000 and $50,300.
At first glance, it appears that both sales activity and average selling prices are down slightly from prior selling periods.
This summary covers the period of May 2016 through November 21, 2016.
Of 30 transactions, 17 are “qualified” sales ie market sales with a new sales price. The other "sales" are not considered true market sales and are usually quitclaim deeds, trust or probate transactions. These transactions do not change the Sale Price and are usually administrative. The Property Appraiser's Office is monitoring for "quit claim deed sales" as previously discussed in another thread.
Of the 17 sales, 3 were lots ranging from $7-41K. The old Pitts lot on Grayhackle sold for $7K. The other two lots were waterfront.
The 14 remaining sales were houses and of those, 4 were doublewides.
The average house sale is $31,800 reflecting the typical 300'-400' sq ft housing. The range was from $13,800-$45K.
The doublewides with sq ft range from 860'-1000'+ ranged from $40K to $92K. There are not enough #'s of sales to get a reasonable average selling price. The prices were $92,000, $72,000, $71,000 and $50,300.
At first glance, it appears that both sales activity and average selling prices are down slightly from prior selling periods.