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Wednesday, November 2, 2011

October is in the books...

I finalized the local area sales report for October last night and published the figures on my Web site www.movetomilford.com , so another month in 2011 is in the books. It “felt” like October was dong a little better as we were going through it, so I decided to look back and see how it compared to September of this year and also compare it to October of 2010. I would look at August numbers too, except that August is a “last minute rush” sales month as people try to get into houses before school starts.



The sales for three of the townships that I track were as follows:


Milford –


October 2011:


20 sales (45% distressed), with an average sale price of $180,990, at an average price of $85/Sq Ft


September 2011:


14 sales (43% distressed), with an average sale price of $174,815, at an average price of $93/Sq Ft


October 2010:


14 sales (36% distressed), with an average sale price of $188,366, at an average price of $86/Sq Ft


I didn’t keep the same statistics back before 2010; however, I did keep enough to be able to discern the number of sales in Milford in October for the last few years – 19 sales in 2009, 18 in 2008 and 11 in 2007.


So, perhaps the feeling that things are getting better has merit. Sales are up in Milford, even if a significant portion of them involve distressed homes. That is just an unfortunate fact of life these days.


Highland –


October 2011:


20 sales (50% distressed), with an average sale price of $160,303, at an average of $78/Sq Ft


September 2011:


32 sales (37% distressed), with an average sale price of $180,575, at an average of $91/Sq Ft.


October 2010:


11 sales (55% distressed), with an average sale price of $114,036, at an average price of $81/Sq Ft


So, Highland is doing significantly better than last year; although sales were down a bit from September of this year.


Commerce –


October 2011:


33 sales (52% distressed), with an average sale price of $172,916, at an average price of $84/Sq Ft.


September 2011:


44 sales (42% distressed), with an average sale price of $203,000, at an average of $98/Sq Ft


October 2010:


29 sales (45% distressed), with an average sale price of $187,220, at and average of $74/Sq Ft.


So sales cooled a bit in Commerce Township from September to October for this year, but did better year over year as compared to last year.


To see all of the statistics for these and the other 6 townships that I track, go to my Move to Milford web site and click on the “What has sold in the area” choice.


Although the statistics that I tracked changed over the years, there is sales data there going back 4 years for some of the markets.

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