As you have been able to see on HomesInEstes.com’s stats page, our market has seen a significant drop in buyers purchasing properties this year in comparison with last year. One of the more interesting facts is the huge jump in median price of homes over the last 12 months. It is currently the highest it has been in the last two years. I would venture to say that the reason for this is that buyers in the upper ranges ($400k to $1 million) are not effected nearly as much the “lower” end of the market.

It will be interesting to see how the rest of the year plays out in the stats world. In the real world, there are plenty of deals out there if you know where to look. Give me a call and I’ll help you find them.

Single Family Homes

201 – Active on the market (7 more than a month ago)
15 – Sold in August (4 more than last month and 9 less than August 2007)
24 – Currently Pending (1 more than last month)
$369,000 – Median Price of trailing 12 months of sales (Highest amount of trailing 12 months median price in the last two years)
$1,150,000 – Most expensive home sold in August
$154,900 – Least expensive home sold in August

Condominiums and Townhouses

157 – Active on the market (11 more than a month ago)
15 – Sold in August (8 more than last month and 5 more than August 2007)
34 – Currently Pending (10 less than last month)
$273,000 – Median Price of trailing 12 months of sales
$425,000 – Most expensive condo sold in August
$139,000 – Least expensive condo sold in August

Vacant Land

81 – Active on the market (7 more than a month ago)
4 – Sold in July (2 more than last month and 2 more than August 2007)
3 – Currently Pending (4 less than a month ago)
$165,000 – Median Price of trailing 12 months of sales
$325,000 – Most expensive lot sold in August
$138,719 – Least expensive lot sold in August