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I’On Update – October 26th

Through October 26th, there have been 44 homes sold in I’On. The number of homes sold is down 10% from the same period last year. There were 49 homes sold as of October 26, 2007. Below is some comparative data for both 2007 and 2008:

2008:

  • Number of Homes Sold – 44
  • Median Selling Price – $856,000
  • Average Price Per Square Foot – $303
  • Average Days on Market – 170

2007:

  • Number of Homes Sold – 49
  • Median Selling Price – $835,000
  • Average Price Per Square Foot – $326
  • Average Days on Market – 165

The average selling price per square foot has decreased in 2008 by approximately 7% from 2007’s average of $326.

Inventory levels are fairly comparable to 2007. Currently, there are 90 homes for sale in the neighborhood. On this date last year, there were 95 homes for sale in I’On.

Below is a breakdown of YTD stats by various I’On market segments as determined by price. The data reflects the number of sales in 2008, current inventory, and the months of inventory based on 2008 selling rates:

Below $750K:

  • Homes Sold – 13
  • Homes currently on the market – 22
  • Months of available inventory – 17

$750K to $1M:

  • Homes Sold – 15
  • Homes currently on the market – 21
  • Months of available inventory – 14

$1M to $1.5M:

  • Homes Sold – 14
  • Homes currently on the market – 30
  • Months of available inventory – 21

Over $1.5M:

  • Homes Sold – 2
  • Homes currently on the market – 17
  • Months of available inventory – 68

Please check back for more updates. Also, please check out my I’On Home Info page for specific information on all of the homes currently on the market in I’On.

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