Our market for October was UP over the same month last year by 19.6%, the first time I've seen that in many months. With that increase in sales we're now only down 12.4% in terms of units sold and 19.8% in total volume sales price for the year to date.
It appears that the $8000 stimulus package has certainly been a stimulus for first-time buyers here, since 55% of our sales were under $100,000 while only 49% were under $100,000 last year.
Sales in Wood and Washington Counties which are both down approximately 12% over last year remain 85% of our Multiple Lisitng Service sales.
Most of our areas continued to have fewer sales in 2009 over 2008 but we have had 3 areas which have improved the numbers of sales over last year: Mineral Wells/Slate, South Parkersburg and Boaz/Williamstown have increased sales over last year by 7.4%, 6.2% and 7.5% respectively.
With regard to price ranges of sold homes, the only area that increased sales over last year was the price range of $50,000-$100,000 which was up 1.3%. Every price range over $100,000 had fewer sales than last year.
With regard to our average days on the market, it takes 149 days to market a home compared to an average of 138 days last year.
The median sales price or our board area is $92,500, down 9.5% from last year while our average sales price is $111,941 down 8.5% over last year.
The extension of the stimulus package through April 2010 including the addition of the credit for move-up buyers may change these numbers in the next few months bringing some activity in the higher price ranges. This may be the opportunity some sellers have needed.
ZIP Codes: 26101, 26105, 26187, 26150, 26181, 26150, 26187, 45714, 45750, 45784 Approximate Location Boundaries: Wood County, West Virginia and Washington County, Ohio
Location Characteristics: Two Counties that border the Ohio River. An area that is low in crime, great in cultural opportunities, has a consistently good educational system. A great place to live, work and raise a family!
About Kay Munchmeyer:
Kay Munchmeyer has been licensed since 1979, in both West Virginia and Ohio and has acquired designations of CRS, e-PRO, and GRI. "I love meeting and helping people 'make their move' as easy as possible."
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
