Preliminary Numbers for 3rd Quarter Real Estate Sales
Well, we are entering the fourth quarter of what has been a truly crazy year for both the real estate community and the financial community as a whole. Here are some of the preliminary numbers that have come off the St Cloud MLS:
2007 3rd Quarter in St Cloud, Waite Park, Sartell, Sauk Rapids, and St Joseph
- 290 - Single Family Homes Sold
- $184,696 - Average Sales Price
- 95% - Original Listing Price to Selling Price Ratio
- 7.6% - Percentage of Total Homes Sold Due to Foreclosure
2008 3rd Quarter in St Cloud, Waite Park, Sartell, Sauk Rapids, and St Joseph
- 278 - Single Family Homes Sold
- $164,988 - Average Sales Price
- 93% - Original Listing Price to Selling Price Ratio
- 26.3% - Percentage of Total Homes Sold Due to Foreclosure
While sales numbers are strong, we are definitely seeing a decrease in average sales price that is reflecting the increase in the number of foreclosed units sold. While it is good to be getting rid of the foreclosures that are available, they do create an unwanted strain for everyone else that is trying to sell their home.
Look for the full Tangen Report to come out in just a few weeks. Look over previous issues of the Tangen Report at http://StCloudEdina.com/blog.
Jason Tangen - GRI, e-Pro - Real Estate Broker Associate with Edina Realty in St Cloud
http://JasonTangen.EdinaRealty.com - Search All Homes for Sale on the St Cloud MLS
http://StCloudEdina.com - Get a free list of the foreclosed properties available on the St Cloud MLS
