This article compares home sale statistics from 2007 and 2008 in Salida.
In Salida from January – December 2008, 156 homes sold at an average sell price of $292,155. Median sell price was $264,000. The list/sell ratio was 95%. Total sales volume was $45,576,310.
In Salida from January – December 2007, 245 homes sold at an average sell price of $280,013. Median sell price was $250,000. The list/sell ratio was 96%. Total sales volume $68,603,373.
In summary, prices are holding or increasing slightly while the number of sales and dollar volume have decreased substantially. From December ’07 to December ’08, the number of homes sold in the Arkansas River Valley dropped 31%. Sell price volume went from $158,729,533 to $119,889,948, a decrease of 24%. From ’07 to ’08, the number of homes sold in Salida dropped 36% with sell price volume at $68,603,373 in ’07 and at $45,576,310 in ’08, a dip of 34%. The list/sell ratio dropped for both time periods, indicating that sellers are accepting lower offers.
Recent Comments