Visit http://www.NorthFlHomesandLand.com for Lake City FL real estate. My name is Bruce Dicks, and I am a Realtor with Coldwell Banker Bishop Realty in Lake City Florida. As I had been seeing, there is a slow down with Lake City FL and surrounding areas single family residents. This information is from the Lake City FL Board of Realtors for the month of August 2013, comparing it to the same month in 2012.
Closed sales for August 2013 went down to 47 compared to August 2012 closed sales of 49. That is a -4.1%. What really to me was telling was the paid in cash sales. Over the last few months, I had been seeing an increase in this, but in August 2013 the paid in cash sales were only 15 compared to August 2012 which was 19. One of the bright sides were that there were new pending sales increased from 54 in August 2012 to 56 in the same month of 2013.
It looks like the Sellers are seeing of the last few months that some properties were selling, as there were 100 new listings added compared to just 81 in August, 2012. Another big problem that I seen for this month was the average sales price went down from $131,878 in August 2012 to $128,029. Also, the median days on the market went up for August 2013 to 104 days, compared to August 2012 of 83 days.
Again if you are searching for Lake City FL real estate, including farms, land and homes, visit http://www.NorthFlHomesandLand.com or my real estate blog at http://www.lakecityflrealestate.wordpress.com .
Bruce Dicks, Realtor, e-PRO
Coldwell Banker Bishop Realty