The first quarter has ended for the real estate market. Here is where our local markets currently stand. Market data information is from the local WVMLS.
Here is what is occurring in the city of Stayton in real estate…
Average Sales price:
The average sales price so far this year is $236,490, up 11.36 % from last year’s $212,355.
Stayton has an absorption rate of 3.7. This places the current Stayton inventory at 12.4 months.
Home Sales Closed:
In the first quarter this year, 11 homes closed on the market. That is down 27 % from the same time frame last year when 15 homes closed in the first quarter. Sales have slowed slightly in Stayton, and with high inventories it will be important to price well.
New Home Construction:
Stayton did not have enough new construction home activity for analysis.
Stayton does not have enough condo transactions to conduct accurate analysis.
Luxury Market ($500,000+):
Stayton does not have a significant luxury market for analysis purposes.
If you need more specific market information, please feel free to call or email me with your specific area, and I will provide you with a more detailed report.
(c) Copyright, 2008. Melina Tomson, All Rights Reserved. DO NOT COPY this without express written permission from the author.