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REAL ESTATE NEWS: Christmas 2017

LAST YEAR vs THIS YEAR

These numbers are comparing Jan. 1 – Nov. 30 2017 to same time period in 2016. Please keep in mind that for all practical purposes, sales activity was non-existent for the months of September and October. We had no power, spotty internet and cell service. Government entities were closed. Doing business was very difficult, if not impossible.

One obvious trend here is that there is just not as much property on the market this year as there was last year. Our inventory is very low, and property that is well priced and in good condition tends to sell quickly.

January 1 – November 30

2017 vs. 2016

Residential:

11.4% fewer active listings this year, compared with last year

6.5% fewer sales

13% HIGHER sales price

Homes selling at about  81% of listed price

Average sales price = $406,898

Median sales price = $284,901

 

Condos:

21.2% fewer active listings

16.4% fewer sales

8% higher sales price

Condos selling at 98% of listed price

Average sales price = $165,419

Median sales price = $145,000

Land:

9.7% fewer active listings

11.3% more sales

16% higher sales price

Land selling at 80% of listed price

Average sales price = $70,925

Median sales price = $36,000