Cheryl Kempenich

The data compiled is from the Multiple Listing Service.

There are currently 76 active listings in the district. The average list price is $403,098, which has been reduced by 5% from the original list price. 12% of these listings are foreclosure properties. The average market time is currently 120 days.

There are 23 pending sales with an average list price of $302,769. 22% of these listings are foreclosure properties. The average market time was 92 days.

There have been 172 closed sales between January 1, 2009 & September 30, 2008. The average selling price was $280,954. The selling price averaged 96% of the original list price. 13% of the sales were foreclosure properties. The average market time was 92 days. The most expensive home sold was $935,000. The least expensive home was $85,500. 58% of these properties were purchased with conventional financing, 30% FHA, 11% with cash, & 1% VA,

There have also been 18 expired listings that have not relisted.

If we compare the sales for the same time period in 2008 we find that this year we have had 2 more sales, 5% more foreclosures, average selling prices are down by 7%, & the marketing time is virtually unchanged.

If we compare the sales for this decade we find the current average selling price is most closely related to the sales in 2003 which recorded 225 sales with an average selling price of $287,766.

The record year was 2006 with 193 sales and an average selling price of $338,645.

There are charts below. If you have any questions or know anyone looking to buy or sell.

Call me at 612-735-0553. You can also check out my website at www.CherylKempenich.com.

Information compiled from the Multiple Listing Service, which is deemed reliable but not guaranteed.