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Lavon/Nevada January 2010 Real Estate Neighborhood Update

City of Lavon/Nevada Real Estate Market Update for January 2010 from Collin County Association of Realtors

January

2009

2010

Change

New Listings

23

30

+30.4%

Closed Sales* (reported)

4

6

+50.0%

Closed Sales*(projected)

4

6

+50.0%

Average Sales Price **

$150,448

$101,125

-32.8%

Median Sales Price**

$135,030

$106,000

-21.5%

Percent of Original List Price Received at Sale**

91.4%

94.6%

+3.5%

Average Days on Market Until Sale

93

40

-57.2%

Single-Family Detached Inventory

89

78

-12.4%

Townhouse-Condo Inventory

0

0

NA

Entire Year

2009

2010

Change

New Listings

23

30

+30.4%

Closed Sales* (reported)

4

6

+50.0%

Closed Sales*(projected)

4

6

+50.0%

Average Sales Price **

$150,488

$101,125

-32.8%

Median Sales Price**

$135,030

$106,000

-21.5%

Percent of Original List Price Received at Sale**

91.4%

94.6%

+3.5%

Average Days on Market Until Sale

93

40

-57.2%

Single-Family Detached Inventory

NA

NA

NA

Townhouse-Condo Inventory

NA

NA

NA

*Due to the typical delays in recording sales, reported unit activity will appear artificially low for the most recent month.

Our projected unit activity assumes that only 89% of all Lavon/Nevada sales are reported in time for this report. Year-to-date figures

Are now updated each month in the interest of accuracy. **Does not include seller's concessions.

Posted Monday Mar 01