The total single family sales in September of 2009 were 199 units. Of those, 71 were bank foreclosure properties.

The average sale price of bank owned properties was $169,001 in September of 2009. The average overall sales price for the same period was $213,873 with an average of 128 days on the market.

The total single family sales in June of 2008 were 179 units. Of those, 65 were bank foreclosure properties.

The average sale price of bank owned properties was $194,313  in September of 2008. The average overall sales price for the same period was $236,304 with an average of 142 days on the market.

It looks like prices continue to decline in the year over year analysis but sales overall are increasing.  Interest rates are stable around 5% for a 30 year fixed mortgage. Foreclosure activity continues to increase.  This will keep prices down and the ability to find affordable properties for first time buyers will continue to be favorable. Loans continue to be available to those with good credit scores. If you would like to review your particular situation whether buying or selling, please give me a call or a quick email. I would be happy to hear from you.