Total Units Sold: 6
Detached: 6
Condo/Lofts:n/a
Days on Market: 77
Detached: 77
Condo/Loft: n/a
Average Sales Price: $147,833
Detached: $147,833
Condo/Loft: n/a
Median Sales Price: $136,000
Detached: $136,000
Condo Loft: n/a
Average Sale Price/List Price: 90%
Detached: 90%
Condo/Loft: n/a
Sales decreased 53% in January from December of 2008. None of the sales in January were REO, however 16% were short sales.
In January, there were 129 homes for sale. This represents an inventory of 14 months for detached homes based on the current rate of sales over the last 6 months. These absorption rates continue to be encouraging when compared to many other parts of the country, some of which have over 2 years of inventory.
In January 39 new homes came on the market. During this time, 9 went into pending compared to 11 going pending in December. (Remember, just because a home goes pending does not mean it will close).
This overview of the Avondale real estate market is based on information provided by the MLS for homes that went under contract in the last couple of months and closed in January. More details can be provided if needed with regard to current activity as well as within the specific Historic District of Avondale.
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