October Home Sales

As the November winds blow, I am gathering information about home sales in October in Sunset Village, Westmorland and the Dudgeon-Monroe neighborhoods.  Like the weather outside, sales in October have cooled.  In fact, there were no home sales in Westmorland last month.  That was actually a bit of a surprise to me, since Westmorland has been a fairly hot neighborhood  for the last few months.

If people aren't buying homes, are they at least looking?  I wondered.  So I did a little research and found that showings (a Realtor taking a buyer to view a house) have dropped considerably, too. During the month of October, there were only three showings in these three neighborhoods.  This figure doesn't include open house traffic (watch for another blog post on that in a few days).  Year-to-date, there have been 99 home "showings" in Westmorland, Dudgeon-Monroe and Sunset Village.  There have been a total of 48 home sales in these three neighborhoods since the beginning of the year.  Which means sales are roughly half the amount of showings.  Does that mean that we'll have 1.5 sales next month?  We'll see what happens...stay tuned!

Here's what sold in October:

Sunset Village October Sales

Address	1st Price	Last Price	Sold Price	SP/FP	SP/LP	Cum. Days of Market	# Days From Last Price Change Until Offer
314 S. Midvale	$199,900	$199,900	$175,900	87%	87%	57	57
313 Karen Ct.	$259,900	$229,900	$210,000	81%	91%	426	24
	$334,900	$314,900	$300,000	89%	95%	44	14
Average Total	$264,900	$248,233	$228,663	86%	91%	176	31.6

Dudgeon-Monroe October Sales

Address	1st Price	Last Price	Sold Price	SP/FP	SP/LP	Cum. Days of Market	# Days From Last Price Change Until Offer
2204 Eton Ridge	$349,000	$339,000	$315,000	90%	92%	126	93
Average Total	$349,000	$339,000	$315,000	90%	92%	126	93