1st Quarter 2019 – Single Family Home Sales

swilliams Education , Real Estate

SINGLE FAMILY HOME SALES:

January to March 2019

The number of homes sold during the 1st Quarter 2019 was nearly half of the number sold during the same quarter of 2018.  There were a third fewer home sales (5 vs 14)  in the $250K to $349K range and nearly half as many (9 vs. 17) in the $450K to $659K range compared to last year.  The average days on market (the # of days between listing a property and the closing date) varied from range to range, but overall days to sell were lower than last year.  The comparison of sales price to list price varied within the price ranges, but was similar overall.

The 1st quarter 2019 decrease in sales reflects a slower and smaller market than last year but the start of the 2nd quarter 2019 indicates a brisker home sales environment.  Prices are holding steady and there are 61 single family listings as of 4/8/19.

                  SALES DATA: January to March 2019

Number of Sales

Days on Market

Price Range

2018

2019

2018

2019

$200,000 – 349,999

14

  5

77

54

$350,000 – 449,999

 18

 12

113

49

$450,000 – 649,999

 17

   9

67

83

$650,000 +

  0

  1

 0

291

Total Sales / Average DOM

 49

 27

87

70

 

Average Sales Price

Average List Price

Sold vs List %

Price Range

2018

2019

2018

2019

2018

2019

$250,000-349,999  320,864  299,880  331,789  301,960

-3.4%

-0.7%

$350,000-449,999  397,972  396,441  403,316  405,175

-1.3%

-2.2%

$450,000-649,999  513,089  522,155  518,747  530,477

-1.3%

-2.2%

$650,000 +       – 0 –  701,900      – 0 –  699,900

-0-%

+0.3%

Average $415,883 $431,777 $422,917 $438,744

-1.7%

-1.6%

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swilliams