Listing Price to Sales Price
As we near the mid-year point I thought I would check some stats in the Multiple Listing Service on Solds specifically listing price to sales price.
In the general Silver City area there have been 81 site built homes sold to date. These sales total $18,642,915 with a average price of $230,159 and a median price of $190,000 and an average of 118 days on the market. The average listing to sales price of these homes was 95% with the combined listed prices of the 81 homes set at $19,782,799 and the combined sales prices at $18,642,915.
In the general Silver City area there were 18 single and multi-wide manufactured homes sold. The lp to sp on these homes was 89% and 121 days on the market.
In the Mining District there have been 10 site built homes sold this year to date. The list price to sale price is 89% with the combined list price at $851,100 and the sales price at $759,400 and 133 days on the market.
In the Mimbres Valley there have been 6 site built homes sold this year to date. The list price to sale price is 86% with the combined list price at $1,697,000 and the sales price at $1,453,000 and 194 days on the market.
Single family lots show a slight variation to the housing stats. In the general Silver City area the list price to sales price averaged 96%, in the Mining District 97%, in the Mimbres Valley 92% with a combined average days on the market of 203.
There have been 10 commercial/industrial properties sold thus far this year and the average lp to sp is 78% with an average property sold at $246,110 and 113 days on the market.
This copyrighted data was provided by the Silver City Regional Multi List Svc as of June 27, 2007