SINGLE FAMILY HOME SALES:
APRIL TO JUNE 2018
There were 9 more Single Family (SF) homes sold in the 2nd quarter of 2018 than 2017. Most of the increase was in the $450K – $649K price-range. Homes in the lower price-ranges, $250K to $449K, took longer to sell in 2018 and the sale price was discounted more than the same quarter of 2017.
Homes in the $450,000 and up price-range sold much more briskly than last year, with average Days on Market (DOM) about ½ of 2017’s average DOM. And those SF home sales experienced the least reduction from list price to sold price.
| SALES DATA: APRIL- JUNE |
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|
Number of Sales |
Days on Market |
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| Price Range |
2017 |
2018 |
2017 |
2018 |
|||||||
| $200,000 – 349,999 |
12 |
12 |
51 |
44 |
|||||||
| $350,000 – 449,999 |
19 |
21 |
28 |
44 |
|||||||
| $450,000 – 649,999 |
13 |
21 |
74 |
37 |
|||||||
| $650,000 + |
4 |
3 |
35 |
18 |
|||||||
| Total Sales / Average DOM |
48 |
57 |
47 |
40 |
|||||||
|
Average Sales Price |
Average List Price |
Sold vs List % |
|||||
|
Price Range |
2017 |
2018 |
2017 |
2018 |
2017 |
2018 |
|
| $250,000-349,999 | 310,491 | 319,016 | 314,941 | 327,800 |
-1.4% |
-2.8% |
|
| $350,000-449,999 | 386,647 | 392,692 | 394,310 | 397,809 |
-2.0% |
-1.3% |
|
| $450,000-649,999 | 537,183 | 517,330 | 539,861 | 516,938 |
-0.5% |
0.1% |
|
| $650,000 + | 671,750 | 765,000 | 670,000 | 768,300 |
0.3% |
-0.4% |
|
| Average | $432,137 | $442,696 | $436,8621 | $446,459 |
-1.1% |
-0.9% |
|
