Archive for the 'Market Statistics' Category

Clear Lake Homes Sales Down First Half of 2009

Topics: Clear Lake, Market Statistics, Newsroom Posted on August 1st, 2009

The number of home sales this year is significantly lower than last.  For the period ending July 15th of this year, there were 282 single family home sales.  Compare that to 348 for that same period last year.   Numbers may be down but it’s not taking as long to sell those homes either with an average number of days on the market of 58 this year.  Last year, it was taking 65 days.

My guess is that while we’re still in a better economy than 80% of the country, people are staying in their homes longer for any number of reasons.  Many I think are deciding they don’t need the extra game room, or the extra bedroom, instead opting to “sit tight” right where they are.  It would appear people are basing their decisions more on needs than wants.  Refi’s were at an all time high earlier this year.  Some of my mortgage friends couldn’t keep up with the refi’s that were coming so fast and furious.

The average sales price for Clear Lake this year (single family homes) is $222,860.  Last year it was $224,378.

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Written by John Duncan // Please leave a comment.

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