CAAR Year-End Market Report 2010

CAAR is releasing it’s 4th quarter market report tomorrow, so this is fresh off the presses!

Some pieces that I thought were relevant if you’re in the market to buy or sell;

Good news for buyers;

Price Per Square Foot (Finished)—Pockets of Value for Buyers

The current area average of $139 per finished square foot is the lowest number since 2004, indicating true “pockets of value” for buyers. Prices declined for the past four years—a $32 per square foot drop since peaking for buyers in 2006.

And as I’ve been saying for months;

Greg Slater, 2010 CAAR President cautions that, “until the inventory reaches and maintains level we consider historically level, there will continue to be uncertainty in predicting the pace of sales and stability of pricing.”

Take a look for yourself and let me know your thoughts.  I will be running my own numbers next week.

2010 Year-End CAAR Market Report