Lewis County MLS Inventory
Overall: 954 Active Listings, 37 Pending Sale Listings
and 42 sales over the last 30 days.
- 60 Active properties are REO (bank owned /foreclosure properties)
- 21 pending sales are REO
- 9 of the previous 30 day sales were REO properties
REO Properties currently make up 6% of Lewis County MLS inventory and 21% of our previous 30 day sales.
During 2010, approximately 6% of Lewis County’s MLS Inventory has been REO properties, and as high as 40% of all sales have been MLS properties. Currently at 21% of sales, we are seeing an increase in the % of seller owned housing sells.
REO properties are great for the buyer, but can be difficult on sellers trying to compete with pricing. The bright side is that REO buyers are often investors, and not the same buyer profile that most seller owned properties are looking for to purchase their home.
Over the last 30 days
Average $/SQFT Non-REO home sold for in $114 per sqft
Average $/SQFT REO homes sold $65 per sqft
(This makes a $73,500 price difference on a 1500 SQFT home)
Updated August 27, 2010