Davidson Real Estate Market Update For September 2011

Davidson Homes
In September 2011 11 homes sold in Davidson, a 57.7% decrease from the 26 homes sold in August 2011. September 2011 sales figures decreased 15.4% from September 2010 when 13 homes sold in Davidson.

The average sales price decreased 6.8% from $347,072 in August 2011 to $323,436 in September 2011. The September 2011 average sales price decreased 23.6% from the September 2010 average sales price which was $423,253.

Average days on the market increased .5% from 191 days in August 2011 to 190 days on the market in September 2011. September 2010 average days on the market were 192, a .5% decrease in market time.

Currently there are 201 homes for sale in Davidson. The average home is a 3 bed/3 bath home with 3,063 square feeet and an average list price of $449,289, down 2.9% from August‘s average list price of $462,611. The average days on the market are 153. 42 homes in Davidson are currently under contract, up 100% from August.

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Davidson Condos & Townhomes
In September 2011 3 condos sold in Davidson, a 50% increase from the 2 condos sold in August 2011. September 2011 sales figures decreased 50% from September 2010 when 6 Davidson condos sold.

The average sales price increased 13.5% from $138,625 in August 2011 to $157,333 in September 2011. September 2011 average sales price decreased 31.5% from the September 2010 average sales price which was $229,667.

Average days on the market decreased 1% from 100 in August to 99 in September 2011. September 2010 average days on the market were 123.

Currently there are 81 condo/townhomes listed for sale in Davidson. The average unit is a 2 bed/2 bath home with 1,507 square feet and an average list price of $242,242, up .7% from August’s average list price of $240,599. The average days on the market are 187. Twelve Davidson condos/townhomes are currently under contract, up 100% from August.

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Davidson Foreclosures, Short Sales and Preforeclosures
In September 2011 0 foreclosure, short sale and preforeclosure properties sold in Davidson, a 100% decrease from the 2 foreclosure, short sale and preforeclosure properties sold in August 2011. September 2011 foreclosure sales figures increased 0% from September 2010 when 0 foreclosures sold.

The average sales price decreased 100% from $296,250 in August 2011 to $0 in September 2011. September 2011 average sales price increased 0% from the September 2010 average sales price which was $0.

Average days on the market decreased from 389 in August 2011 to N/A in September 2011. September 2010 average days on the market were 0.

Currently there are 24 foreclosure, short sale or preforeclosure properties for sale in Davidson. The average list price is $259,204, up 3.1% from the August average list price of $251,326. The average days on the market are 185. Seven Davidson foreclosure properties are currently under contract, up 40% from August.

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