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Cedar Bluff Homes - Market Update For Residential Single Family Homes

Cedar Bluff Real Estate Market Trends Report

4^th Quarter 2008 Cedar Bluff Home Market Statistics

Closed Units

• Number of Units Sold - 60 units
• Average Original List Price - $196,721
• Average List Price - $191,418
• Average Closing Price - $185,752
• Average List To Sell Ratio - 97%
• Average # SF - 2,116
• Average Market Time - 98 days on market (DOM)

Expired Units That Failed To Sell

• Number of Units Expired - 44 units
• Average Original List Price - $240,127
• Average List Price - $232,625
• Average # SF - 2,500
• Average Market Time - 165 days on market (DOM)

Previous Quarter Cedar Bluff Home Market Statistics

Closed Units

• Number of Units Sold - 114 units
• Average Original List Price - $203,462
• Average List Price - $198,561
• Average Closing Price - $192,970
• Average List To Sell Ratio - 97.2%
• Average # SF - 2,114
• Average Market Time - 95 days on market (DOM)

Expired Units That Failed To Sell

• Number of Units Expired - 25 units
• Average Original List Price - $232,424
• Average List Price - $226,776
• Average # SF - 2,401
• Average Market Time - 186 days on market (DOM)

Same Quarter Last Year Cedar Bluff Home Market Statistics

Closed Units

• Number of Units Sold - 103 units
• Average Original List Price - $200,652
• Average List Price - $197,800
• Average Closing Price - $193,353
• Average List To Sell Ratio - 97.8%
• Average # SF - 2,128
• Average Market Time - 76 days on market (DOM)

Expired Units That Failed To Sell

• Number of Units Expired - 26 units
• Average Original List Price - $246,885
• Average List Price - $241,727
• Average # SF - 2,384
• Average Market Time - 145 days on market (DOM)

Feel free to contact me with any of your real estate and mortgage questions and I will be more than glad to answer your queries. Call me on my cell at 865-310-0636 or send me an email.

This real estate market update is for single family homes in the Cedar Bluff Market Area and does not include condos. Information deemed reliable, but not guaranteed.

Cedar Bluff Quarterly Report
3rd Quarter 2008 List Price Range	# Units Sold	Average Closing Price	Avg DOM	Average List Price	Average Original List Price
$80,000 - $89,999	1	$72,000	95	$89,950	$108,900
$90,000 - $99,999	1	$97,100	181	$94,000	$126,900
$100,000 - $124,999	6	$114,695	58	$115,083	$115,083
$125,000 - $149,999	17	$137,241	91	$139,532	$145,215
$150,000 - $199,999	46	$173,978	75	$177,379	$182,180
$200,000 - $249,999	23	$216,989	83	$222,215	$224,789
$250,000 - $299,999	12	$260,958	198	$271,489	$281,085
$300,000 - $349,999	4	$322,744	118	$334,600	$335,850
$350,000 - $399,999	1	$376,700	276	$388,000	$398,000
$400,000 - $499,999	1	$427,820	53	$419,900	$419,900
$500,000 - $749,999	1	$420,000	71	$545,000	$545,000
Averages/Totals	113	$193,196	95	$198,815	$203,759

 

Previous Quarter's Statistics
2nd Quarter 2008 List Price Range	# Units Sold	Average Closing Price	Avg DOM	Average List Price	Average Original List Price
$70,000 - $79,999	1	$75,000	11	$79,450	$79,450
$90,000 - $99,999	1	$89,000	38	$94,900	$94,900
$100,000 - $124,999	4	$112,100	39	$112,900	$114,150
$125,000 - $149,999	21	$134,410	75	$139,143	$142,548
$150,000 - $199,999	52	$175,628	74	$178,967	$180,838
$200,000 - $249,999	32	$219,862	94	$225,690	$229,047
$250,000 - $299,999	7	$264,803	165	$270,486	$272,700
$300,000 - $349,999	2	$329,500	18	$339,950	$339,950
$350,000 - $399,999	2	$374,950	80	$377,400	$382,400
$400,000 - $499,999	1	$410,000	36	$424,900	$474,900
Averages/Totals	123	$189,234	82	$193,735	$196,635

 

Same Quarter Last Year Statistics
3rd Quarter 2007 List Price Range	# Units Sold	Average Closing Price	Avg DOM	Average List Price	Average Original List Price
$10,000 - $19,999	1	$19,950	12	$19,900	$19,900
$70,000 - $79,999	1	$60,750	21	$70,200	$106,300
$80,000 - $89,999	1	$89,250	7	$83,500	$83,500
$90,000 - $99,999	2	$91,688	34	$97,200	$97,200
$100,000 - $124,999	10	$116,625	58	$118,883	$120,833
$125,000 - $149,999	21	$138,150	72	$139,728	$141,924
$150,000 - $199,999	56	$174,346	66	$177,250	$181,021
$200,000 - $249,999	42	$221,410	93	$225,114	$225,193
$250,000 - $299,999	9	$268,078	64	$272,133	$272,133
$300,000 - $349,999	3	$325,967	29	$330,600	$335,600
$350,000 - $399,999	1	$350,500	35	$359,900	$369,900
Averages/Totals	147	$185,200	72	$188,251	$190,571