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March 2010 Residential Sales Update

April 8th, 2010

March closed the quarter with astounding results!

1,279 sales were recorded for the month, up 36% from February and up 9% from March 2009! This is the most sales we have seen since October 2009!
 
Overall First Quarter 2010 results showed slight improvement over the First Quarter of 2009 with a 0.7% increase in total sales.  
 
March average sales prices were up 13% from February to $116,279, down 2% from last year.

March new home sales were up 18% from March 2009 but the average new home sales price dropped 26% down to $208,389 with virtually no change from February 2010.

March Non-Bank sales were up 14% from the prior year and Bank Sales were up 2%.

Average sales price for the quarter was $111,325 down 3.5% from 1Q09. 
 
1Q10 Foreclosures were up 4% from 1Q09 with 1,418 for the quarter. The average appraisal value for foreclosures was up 11% to $122,731.
 
Click here to review all of the First Quarter 2010 Residential Market Conditions Reports!
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