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Saturday, November 22, 2008
Cherokee Pickens Housing Stats for October 2008PICKENS: 93 new listings came on the market in October and 17 homes sold. Average sale price
was $205,000 this is an average of 92.4% of the original list price of those homes that sold. Average number of days
on market was 62.
This is 8 less homes than were sold in the same month in 2007 however the number of days on market
is 52% lower than 2007. Average sale price was down 9% compared to October 2007
NORTH
CHEROKEE: 136 new listings hit the market in October and 15 homes sold. Average sale price was $191,000 this was an average
of 97.08% of the original lsit price and the average days on market was 76. this is 8% lower than the same month in 2007.
Average sale price was down 8.5%
As
you can see prices are down in both counties; however the days on market seem to indicate that the bargin prices are
begining to bring out the buyers. With the very low number of new homes being built, this could mean inventory reduction and
a possible stablization of prices in the comming year.
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