October 4th 2011
Musing over YTD & 3rd quarter sales statistics for Mt. Lebanon Area today ~
Average Sale Price of 320 Residential Listings Sold, is $247,515 (47 Contingent/Under Agreement).
Buyers paid from $29,900 - $1,000,000 (1/3 with Concessions). Sale Price vs List price Ratio is 95%.
Currently Active are 174 Single Family, 7 Townhomes, 13 Condos, 15 Co-ops, $67,500 - $995,000.
September 2011's Average Sale Price was at the lowest level compared to September of 2010 & 2009; however, MSI (months needed to sell all of the inventory at this pace) is also lower, benefitting sellers.
Also, September's Days on Market (DOM) is also down, compared to September 2010 & 2009.
If you want to sell before New Year's Day 2012, you may still have a chance if priced competatively.
For Buyers, Average List Price of all Current Listings are trending downward, which is good for you!
For a PDF of Coldwell Banker's Market Action Report, email: janice.caputo@pittsburghmoves.com
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