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23 Feb

Greenhaven Real Estate Market Update: January 2010

Posted February 23rd, 2010 | View Comments

The categories have definitely switched places within the real estate sales of the Greenhaven area. Unit volume for foreclosures declined 66.7% while that for non-distressed sales gained the same number. Short sales also reported an increase in sales and so now overall unit volume is 15.4% higher than it was a year ago.

Average price per square foot is now $154.25 which is 9.6% lower than what it was a year ago when it was $170.54. Average sales price now rests at $279,020 down also 9.5% from last January’s high of $308,437. Median sales price is now $239,900, 20% lower year over year.

Greenhaven seems to be a sluggish market currently with 6.2 months of inventory based on the last twelve months of sales and 6.4 months based on the last six months of sales. Foreclosure inventory is at 3 months and 3.6 months respectively and short sale inventory is at 18.7 months and 13.8 months respectively.

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