market update newThere are several different data points to review when analyzing the current market including median price, days on market and total inventory sold.   Below is a snapshot of the last five years transactions closed and current inventory.

Condos YTD 2016 Thru Jan 31  

2015

 

2014

 

2013

 

2012

 

2011

Median* Sold Price  

$390,000

 

$306,250

 

$292,500

 

$265,000

 

$244,000

 

$242,000

Median* Days on Market 149 113 89 105 123 98
Total Condos SOLD 25 270 259 345 299 309
There is insufficient data to evaluate YTD 2016 trends.

Summary for condo category for 2015 as compared to 2014:

Median Sold Price:                          ↑Up 5% over 2014

Median Days on Market:              ↑Up 26% over 2014

Total Condos Sold:                          ↑Up 4% over 2014

 

Single Family Homes

 

YTD 2016 Thru Jan 31

 

 

2015

 

 

2014

 

 

2013

 

 

2012

 

 

2011

 

Median* Sold Price

 

$590,000

 

$687,200

 

$615,000

 

$575,000

 

$575,000

 

$560,000

Median* Days on Market 183 166 145 103 181 120
Total SF Homes SOLD 5 90 85 91 91 75
 

 

 

 

There is insufficient data to evaluate YTD 2016 trends.

Summary for single family home category for 2015 as compared to 2014:

Median Sold Price:          ↑Up  12% over 2014

Median Days on Market: ↑Up  14% over 2014

Total SFH Sold:                  ↑Up  6% over 2014

 

The current inventory provides an indication of potential activity.  Below is a snapshot of current listings:

CURRENTLY LISTED Condos Single Family Homes
Median* Price $391,950

↑Up from $382,600in Dec.

$999.999

↑Up  from $997,499 in Dec.

Median* Days on Market 84

↓Down  from 123 in Dec.

163

↑Up  from 159 in Dec.

Total Available as of Jan 31 166

↑Up  from 130 in Dec.

59

↑Up from 58 in Dec.

If you are interested in buying or selling, a qualified Realtorâ can provide the relevant data for your specific neighborhood or area of interest.

*Median Price = Is the middle value for a range of values. This is a good indicator to use when there is significant data.  It minimizes the impact of unusually high or low values and gives a better perspective of the big picture.

Let’s Talk

You’ve got questions and we can’t wait to answer them.

We use cookies and tracking technology in connection with your activities on our website. By viewing and using our website, you consent to our use of cookies and tracking technology in accordance with our Privacy Policy.