Sunday, March 2, 2008
Park Cities Sales Stats Year-to-Date
Number of homes sold: 17 (60)
Avg. price/sf: $361.34 ($363.07)
Avg. sales price: $1,474,997 ($1,594,985)
Avg. days on market: 108 (75)
*2007 statistics for same time period in ( )
So far in 2008 only 17 homes have sold within HPISD. You know I'm not one for doom and gloom news but I'm shaking just getting out my calculator because it ain't gonna be pretty. That is a 72% decline in number of homes sold compared to the same time period one year ago. Please don't tell Steve Brown about this. Don't believe me? See 2007 here and 2008 here. And we even had one more day in February this year. Ouch! What gives? DOW got everyone down? Pun intended.
EDITOR'S NOTE: I realize that there will probably be a few closings that were not input into the MLS last Friday so I'm sure there will be a few that hit the MLS Monday and Tuesday. But it still won't be close to last year's numbers.