Land Sales – Week of Sept. 25
September 24, 2010
Lot sales are going to be hard pressed to equal last year’s paltry number. Through August there were 47 sales, three more than last year to date. Average lot prices are just abut equal with last year’s. The market is back to just above the average price in 2006 so the value is there for those able to take advantage.
There were 2594 properties for sale last week and about 730 sales so far this year.
Real Estate Fact of the Week
310 … average days on market for land to date in 2010
268 … average days on market for land to date in 2009
Chuck Leathers is the broker/owner of Chuck Leathers Real Estate Co. He can be reached at (888) 485-2300 or e-mail him at ChuckLeathers@Realtor.com.