Last week, I put down a fair amount of information on the downtown real estate market and provided the sales information about the area. I also talked a bit about how the year of 2008 felt for a real estate professional (2008 Real Estate Sales Downtown ).
The post is something I’ve tried to do for a few years. Putting the year in perspective.
Of course, that was just downtown.
Hearing a news broadcast yesterday, I heard some remark about housing values and felt that the report was misinformation; exagerating the markets downturn.
Today I pulled up the city wide sales statistics. Looking at single family residential, condominiums and multi-family homes, the report is included below, but the most notable data follows:
Year—-Total Sales Number/$ Value—-Average Price—Days on Market
2007——–5000 / $701,227,559———$140,246—————88
2008——–4532 / $515,009,046———$113,638—————99