Kenmore Month-End Statistics
In a sentence: Kenmore is experiencing a buyer’s market. Sales are down 38% compared to a year ago and average days-on-market have risen to 122 days, a dramatic increase over last year. Currently, Kenmore is saturated with inventory. As of today, 4/30/08:
-There are 178 active single family homes for sale, up from 162 last month. 52% of the active homes have reduced their prices. 38% of active homes are new construction.
- $299,000 - $399,000Â Â Â Â 30 homes
- $400,000 - $499,000Â Â Â Â 28 homes
- $500,000 - $599,000Â Â Â Â 52 homes
- $600,000 - $699,000Â Â Â Â 37 homes
- $700,000 - $999,999Â Â Â Â Â 23 homes
- $1 million +Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â 8 homes
-48% of the 25 pending sales today are new construction
-A total of 33 homes have sold since Feb. 1st which is good news; however, the sale price averages 95% of list.
What does this mean? It means that if you’re a buyer with some financial strength, now’s a good time to be looking for a bargain (they’re out there!). If you intend to sell your home in the current market, you’ll need to price your home very well in order to attract buyers!
