Kuna Real Estate Statistics for January 2008

February 4th, 2008 categories: Real Estate News

Active Listings For Residential Single Family Homes

Total = 235

Average Listing Price = $164,493

Pending Sales

Total = 26

Average List Price = $203,656

Sold (in January 2007)

Total = 95

Average List Price = $189,686

Average Sold Price = $186,826 (98% of asking price)

Sold in January 2008

Total = 20

Average List Price = $204,005

Average Sold Price = $197,876 (97% of asking price)

Change in Sold Price from 2006 to 2007 = up 6%

Absorption Rate = 12 months or 56 weeks

So what has changed?

Sales numbers unchanged from December 2007
Slightly higher sold price from one year ago
Absorption rate have gone from 7 to 12 months

1. People are starting to put their houses on the market again.

2. Still a good time to sell if

a) you have equity in your home and you are flexible enough realize you can buy another house at a great price to recoup any equity you may lose in the sale of your present house.

b) you have to sell and you have equity in your home

c) you are downsizing and have equity in your home.