Florence real estate blog update

As of this posting, we have had 9 residential sales for the past 30 day period, up from 5 since the last post perviously reported. The avereage list price for all 445 active residential housing units is $288,000. The current average sale price for the last 30 days has been $162,000. Those nine properties were priced within 10% of the actual sales price. The current average sale price over a 6 month period is $222,000 covering 89 sales. The moral of this story is that property sells when it is priced within 10% of the actual market value. The rest of the listings will just sit costing the owner time and money.