3rd Quarter 2019 – Single Family Home Sales

swilliams Education , Real Estate

SINGLE FAMILY HOME SALES:

July to September 2019

Overall third quarter 2019 home sales declined when compared to the same quarter of 2018. This is also a decline from the 73 homes sold in the second quarter of 2019.  Along with the decrease in sales there was an increase in the days on the market (DOM) for homes (55 DOM versus 48 DOM in 2018).  Sale prices fell when compared to list price, with an average discount of 1.5%, similar to the 1.3% discount for the same period in the prior year, and 1/2% less when compared to the 1.0% discount in the second quarter 2019.  One exception to the list versus sales price decrease were the homes in the lowest price range which actually sold for slightly more (up .3%) than list price.

As of September 30, 2019 there are 55 single family homes for sale.

 

                  SALES DATA: July to September 2019

Number of Sales

Days on Market

Price Range

2018

2019

2018

2019

$200,000 – 349,999

17

  9

34

30

$350,000 – 449,999

 27

 20

39

87

$450,000 – 649,999

 16

 18

54

 26

$650,000 +

   2

   1

233

151

Total Sales / Average DOM

 62

48

48

55

 

Average Sales Price

Average List Price

Sold vs List %

Price Range

2018

2019

2018

2019

2018

2019

$250,000-349,999  321,352  306,250  324,658  305,333

-1.0%

 0.3%

$350,000-449,999  399,888  394,520  403,122  403,720

-0.8%

-2.3%

$450,000-649,999  534,018  509,644  544,500  515,511

-2.0%

-1.2%

$650,000 +  658,500  762,000  677,000  780,000

 -2.8%

-2.4%

Average $421,311 $428,796 $426,927 $435,033

-1.3%

-1.5%

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