The average selling price for both types of housing decreased only 3.87 percent year over year to $251,008, and was roughly flat from July with only a 0.68 percent drop.
The median, or middle, selling price for single-family homes alone — standard houses — was basically flat year over year at $227,000, down 0.89 percent from August 2008. Last month’s median price was down 1.26 percent from July of this year.
Single-family home days on market (DOM) — Houses are selling faster, with an August DOM of 94. That’s down 3 percent year over year, and down 4 percent from July.
hi, I wrote this success story for REIClum.com, and also want to post on CAREI.com – can I do this here or where? Please advise & Thanks! Mary K
Another CAREI Success Story !!
We purchased (with a partner from our investors association) our 1st property, a good bones plain vanilla 3/1.5/1008 sq ft/built in 1955/no garage – for $67,000 from another investor (also members of our assoc) who wholesaled it to us. It really pays to be a member of an active Investors Association! Rehab costs totaled $25,793 (included staging)new kitchen, bath, new carpet, new texture & paint, appliances, large picture window, sanding & restain deck, landscape, plumbing repairs. Listed on 10/24/09 for $124,900 recd 2 full price offers in less than 1 week. Our Coach & Mentor is William Bronchick, President of The Colo Assoc of RE Investors, he has a terrific coaching program, we attribute our success to him! Thanks Bill! Mary Krueger & Stanley Rozewski, The Stanmar Properties Group, Littleton CO & Des Plaines Illinois. Call us today if we can help you, we have other neat properties (303) 730-6036 – Thanks & Good Investing to All.