From the first of the year till today, there have been 22 sales logged into the local MLS system.  These sales are in the condo/townhome category and in Douglas County.  I knew that sales were down just by the showing activity, but I just had to check the data.

The average sale price of the units sold this year was $158,978.  In 2008, the average sale price was $157,443.

The 2009 closed sales data till December 1st compares with  prior years closed sales data till December 1st  like this:

• 2009                     22 Closed Sales
• 2008                     27       “
• 2007                     36       “
• 2006                     49       “
• 2005                     39       ”
• 2004                     57       “
• 2003                     42       “
• 2002                     29       “

We are having a significant problem in the townhome market and the data shows us that to be true.  I know from my own struggles with my listings for 2009 that we were in for a rough ride in 09.  I think that we will see in the future that 2009 was a good time to buy.  I don’t know how a market can go any lower without completely going kaput.  Only time will tell the story to these writings.  Enjoy the Holidays!

Source:  Greater Alexandria Area Association of Realtors Multiple Listing Service.