Columbia County - Lake City FL Houses for Sale - Market Data - Real Estate

Interesting Columbia County, Lake City FL Housing market stats to ponder:

• Current residential home total listing inventory in Columbia County is 396.

• Closed sales since Jan 1 total 296 and annualized this will be around 322 closed sales which shows a current inventory supply of 14+ months. (A normal functioning real estate market will have a 6-8 month inventory supply)

Sold stats by price/current active listings in this price range: (closed sales only through Dec 8 not to Dec 31)

100k or less: 111 sales/106 active listings
100-150k: 92 sales/95 active listings
150-200k: 51 sales/75 active listings
200-300k: 36 sales/80 active listings
300-400k: 4 sales/21 active listings
400k +: 2 sales/19 active listings

• YOU CAN DEFINITELY SEE WHERE THE ACTION HAS BEEN! 150k OR LESS THERE HAS BEEN OVER 200 SALES IN 11 MONTHS CUTTING THE INVENTORY IN THAT PRICE RANGE TO AROUND 10 MONTHS
• THE MID RANGE OF 150-200k HAS BEEN SOFT AND SHOWS 16 MONTHS OF INVENTORY. (A HEALTHY MARKET IS 6-8 MOS. INVENTORY)
• THE UGLY PART IS 200k AND UP WITH THE DEAD ZONE ABOVE 300k WHERE ONLY 6 SALES HAVE OCCURRED. WITH ONLY 42 SALES IN THIS PRICE RANGE, AND 120 CURRENT LISTINGS, WE SHOW A 30 MONTH SUPPLY IN THIS PRICE RANGE!

Information Gathered from Lake City, FL MLS From Charlie Sparks, My former Broker With Westfield Realty Group