2nd Quarter 2018 – Single Family Home Sales

swilliams Education , Real Estate

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

Number of Sales

Days on Market

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%

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swilliams