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 Feb 29  

2015

 

2014

 

2013

 

2012

 

2011

Median* Sold Price  

$313,000

 

$306,250

 

$292,500

 

$265,000

 

$244,000

 

$242,000

Median* Days on Market 126 113 89 105 123 98
Total Condos SOLD 45 270 259 345 299 309
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 Feb 29

 

 

2015

 

 

2014

 

 

2013

 

 

2012

 

 

2011

 

Median* Sold Price

 

$590,000

 

$687,200

 

$615,000

 

$575,000

 

$575,000

 

$560,000

Median* Days on Market 269 166 145 103 181 120
Total SF Homes SOLD 9 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  

$379,250

↓Down from $391,950 Jan.

 

$995,000

↓Down  from $999,999 in Jan.

Median* Days on Market 74

↓Down  from 84 in Jan.

118

↓Down  from 163 in Jan.

Total Available as of Jan 31 156

↓Down  from 166 in Jan.

67

↑Up from 59 in Jan.

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.

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