2nd Quarter 2020 – Single Family Home Sales

swilliams Education , Real Estate

SINGLE FAMILY HOME SALES:

April to June 2020

The second quarter of 2020 Juneau real estate market had what one might assume were significant headwinds with the Covid-19 Pandemic disruption of economic activity.  Yet, the home sales data did not show a noticeable decline in number of sales or sold prices for homes.  Listings sold were down by 10 overall in the 2nd quarter 2020 for a total of 65 sales, with modest declines in the lower price ranges of $200K to $449K when compared to the same quarter last year.  Average days on market (DOM) doubled from 27 days in Q2 2019 to 55 days in Q2 2020.

More surprising was that average sold prices held to a steady discount of 1.2% from average list prices, with a notable discount of 4.1% in the $200K to $349K price range.  As of July 9, 2020, there are 34 homes listed for sale.

                  SALES DATA: April to June 2020

Number of Sales

Days on Market

Price Range

2019

2020

2019

2020

$200,000 – 349,999

12

 10

 52

 73

$350,000 – 449,999

35

 28

 24

 46

$450,000 – 649,999

  23

25

23

 55

$650,000 +

   5

  2

 6

  79

Total Sales / Average DOM

 75

65

 27

55

 

Average Sales Price

Average List Price

Sold vs List %

Price Range

2019

2020

2019

2020

2019

2020

$250,000-349,999   309,667   302,262  316,291    315,320

-2.1%

-4.1%

$350,000-449,999   396,640   397,191  400,894    400,003

-1.1%

-0.7%

$450,000-649,999   524,354   526,228  528,452    530,972

-0.8%

-0.9%

$650,000 +   820,980    783,250  825,980    794,700

 -0.6%

-1.4%

Average $450,180 $444,095 $454,814 $449,492  -1.0%

-1.2%

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