Category: Real Estate Page 1 of 4

Single Family Residential

For the month of June, 3 homes sold compared to 11 last year, a decrease of 72%. The average sales price was $325,833 versus $523,273 in 2008, a decrease of 37%. Median sale price declined to $295,000 from $345,000 a year ago, down 14%. Average days on market was 217, down from 252 last year.

Condominiums

For June, 3 sold during the month compared to 8 last year, a decrease of 62%. Average sales price increased from $165,675 to $261,500, up 58%. Median sale price also increased to $254,500 from $128,200 in 2008. Average days on market was 278, up from 192 last year.

Lots/Acreage

For June, 6 sales closed compared to 17 last year, down 64%. Average sales price was $37,000, versus $121,941 in 2008, down 69%. Median sale price was $35,000 compared to $57,500 last year. Average days on market was 274 compared to 244 last year.

Statistics are courtesy of the St. Croix MLS.

Single Family Homes

July saw a good rise in sales, to 14 units from 9 in June. Average sale price was $559,812, up from $431,667 in June. Average Days on Market was 242, down from 275 in June. These numbers are also substantially better than July, 2009, when 5 homes sold, at an average price of $311,800, and DOM of 295.

Condos

Only 3 condo units sold in July, with an average price of $207,333 and days on market 236. 6 units sold in June, with an average sale price of $360,555 and average days on market 459. In July, 2009, 2 condos sold, with an average price of $168,000 and DOM 296.

Lots/Land

As in June, 7 lots sold in July. Average price was $69,786 and Days on Market 353. Last year, for July, 2009, 15 lots sold, at an average price of $113,300 and DOM 226.

Single Family Homes

9 homes sold in June, with an average sale price of $431,667, median price of $433,000, and average days on market 275. The number of sales has increased since the first of the year, but average and median prices are still decreasing. Days on market have shortened as well this year.

Condos

6 units sold in June, with an average sale price of $360,555 median price of $322,250, and average days on market 459. The number of sales has stayed steady this year. Prices have fluctuated widely because of the small number of sales. The same is true of days on market.

Lots/Land

7 lot sales closed in June, with an average sale price of $40,500, median price of $33,500, and average days on market 263. As with condos, land sales have held steady this year. Prices and days on market have fluctuated considerably.

Below are the second quarter statistics about property sales for the last three months, and a comparison to June of ’09. These numbers are encouraging!

Second Quarter Home Sale Statistics

Second Quarter Condo Sale Statistics

Second Quarter Land Sale Statistics

Single Family Homes

6 sales closed in March, with an average sale price of $609,333, median price of $238,000, and 347 days on market. This number compares to 5 sales in February, average sale price of $253,000, median price of $185,000, 304 days on market, and 8 sales in January. In March, 2009 there were 4 sales, with an average price of $261,750, median price of $263,500, and days on market 234.

Condos

4 sales closed in March, with an average sale price of $209,250, median price of $207,000, and 148 days on market. This number compares to 5 sales in February, with an average sale price of $251,800, median price of $225,000, and 330 days on market, and 3 sales in January. In March, 2009, there were 4 sales, with an average sales price of $131,225, median price of $92,450, and 250 days on market.

Lots/Land

7 sales closed in March, with an average sale price of $96,071, median price of $75,000, and 219 days on market. This number compares to 7 sales in February, with an average sale price of $186,048, median price of $120,000, and 268 days on market, and 5 sales in January. In March, 2009, 14 lots sold, with an average sales price of $110,857, median price of $39,000, and days on market 247.

Single Family Homes

5 sales closed in February, with an average sale price of $253,000, median price of $185,000, and days on market of 304. This compares to 8 sales in January of this year. In February, 2009 there were 9 sales, with an average price of $744,556, median price of $472,000, and days on market 301.

Condos

5 sales closed in February, with an average sale price of $251,800, median price of $225,000, and average days on market of 330. This compares to 3 sales in January of this year. In February, 2009, there were 6 sales, with an average sales price of $420,667, median price of $310,500, and days on market 259.

Lots/Land

7 sales closed in February, with an average sale price of $186,048, median price of $120,000, and days on market of 268. This compares to 5 sales in January of this year. In February, 2009, 8 lots sold, with an average sales price $116,375, median price of $62,000, and days on market 260.