Closings are increasing slightly, with average sales prices hovering between $250,000 and $280,000. People are feeling more optimistic — with good reason: mortgages are coming to the closing table in under 45 days. In addition, the condo market is seeing more closings than we have all year, as banks are willing to make loans on them again.
| Property Type | Sold in October | Avg Sales Price | Days on Market | Under Contract |
| Site Built | 57 | 277,899 | 181 | 96% |
| Manufactured | 6 | 141,917 | 208 | 90% |
| Condos | 9 | 241,611 | 155 | 97% |
| Land | 11 | 80,800 | 310 | 68% |
| Multi family | 2 | 372,500 | 95 | 87% |
| Commercial | 2 | 176,000 | 478 | 64% |
Even though the Featured Sold Property this month was a Short Sale, we don’t see a lot of distressed properties on the Coast. They are incredibly complicated transactions and I don’t often recommend people pursue this type of purchase. If you’re looking for a bargain — I have many properties I can recommend. Just get in touch.
This home sold in October.
