Closing Statistics for Knightdale , NC Aug 2009

Knightdale, NC Real Estate Closings Stats

27 Closed Listings Aug 1, 2008 thru Aug 31 2008

	Beds	Baths	SqFt	LP	LP/SqFt	SP	SP/SqFt	SP/LP	DOM
High	5	4	2,791	$389,900	$143.14	$350,000	$131.21	102%	302
Low	2	2	1,040	$87,000	$71.55	$87,000	$71.56	90%	0
Average	3	2	1,829	$184,006	$99.79	$177,353	$96.63	97%	76
Median	3	3	1,970	$171,950	$99.95	$174,500	$94.05	97%	67

32 Closed Listings Aug 1, 2009 thru Aug 31, 2009

	Beds	Baths	SqFt	LP	LP/SqFt	SP	SP/SqFt	SP/LP	DOM
High	4	5	4,400	$435,000	$133.86	$425,000	$130.74	103%	283
Low	3	2	1,022	$106,000	$59.09	$83,000	$60.23	78%	0
Average	3	2	1,861	$174,836	$97.57	$172,003	$95.75	98%	60
Median	3	3	1,648	$156,500	$98.63	$157,000	$98.03	99%	39

26 Closed Listings July 1, 2009 thru July 31, 2009

	Beds	Baths	SqFt	LP	LP/SqFt	SP	SP/SqFt	SP/LP	DOM
High	6	4	3,750	$350,000	$143.04	$340,000	$134.50	110%	473
Low	2	1	1,035	$61,900	$41.57	$68,000	$45.67	89%	0
Average	3	2	1,992	$177,763	$90.15	$174,516	$88.94	99%	82
Median	3	3	1,886	$149,900	$89.76	$152,500	$89.94	98%	26

A little good news, a little bad news with these stats. The good news: five more closings than August of last year and six more than last month. Also saw a drop in days on market from last year and a huge drop from last month. Now for the bad news. Average sales price continued to slide a little with about a 3% drop in sales price from a year ago. Looks like sellers are seriously considering the current market by dropping their list price by about 5%. Good news for sellers is that the price per square foot appears to be heading up with a good increase over last month and almost back to the 2008 level. My opinion is that the market looks good for buyers with lots of well priced properties on the market. I also see good signs for sellers with the days on market dropping and sale prices beginning to rebound a little. Looks like a tween time with good opportunities for both buyers and sellers. Time for everybody to get off the fence!