Most sales in the Land Park area continue to be focused in the non-distressed category of homes, a good sign in this time of turmoil in the real estate market. A total of 18 homes sold this month, an overall unit volume increase of 38.5% year over year. Of these 18, 15 were non-distressed sales and just 1 was a foreclosure while 2 were short sales. This means all the increase in the sales was from the non-distressed sales category, although with the 2 short sales, the statistics show that they doubled from year over year!

Average price per square foot is now $258.99 in Land Park, a 7.9% decline year over year from a high of $281.09 last March. Average sales price fell 3.7% for the same period from $393,931 to rest at $379,400. Median sales price at the same time however increased by almost 10% from $335,000 to $367,500 for the same period.

Inventory in Land Park is at 4.9 months based on the last year of sales and 5.5 months based on the last six months of sales. Foreclosure inventory continues to remain at between 2 and 3.5 months while the same short sale inventory remains steady at 12 homes on the market.

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