Single Family Home Sales August-October 2017

swilliams Real Estate

SINGLE FAMILY HOME SALES:

AUG-OCT 2017

There were markedly more listings in 2017 for the Aug-Oct 2017 period, 102 vs 66 in 2016. More listings did not translate into more sales. Only 48% (49 of 102) listings sold in 2017. In the Aug-Oct 2016 period 90% (60 out of 66) of listed homes sold.

Days to market were better in 2017 with an average of 26 days to sell, vs 38 days to sell in 2016.

The average price of homes sold during both years was approximately 99% of asking price.

The average price of a homes sold in 2017 rose 5.2% over 2016.
(Of the various price categories, only the $250K-$349K range was below the prior year at a decrease of 3.5%. The highest increase in average price was 8.5% over prior year for homes priced from $450K to $649K. With only 1 sale in the over $650K category for both years it is difficult to draw any conclusion about this price range appreciation.)

Conclusion: There are more unsold SF homes on the market this time of year than last. Prices of sold homes have increased overall. As 2017 winter approaches home sales will probably experience their seasonal slowdown.

Note: Due to a recent change by the Southeast Alaska Multiple Listing Service, Attached Homes are now categorized as Townhomes and are not included in this data.

                                              SINGLE FAMILY  & ATTACHED HOMES
                  SALES DATA:  AUGUST- OCTOBER 2017 compared to AUGUST – OCTOBER 2016

Number of Listings

Number of Sales

Remainder

Days on Market

Price Range

2016

2017

2016

2017

2016

2017

2016

2017

$200,000 – $349,999

 22

 24

21

13

1

11

35

41

$350,000 – $449,999

 22

 43

22

21

0

22

   33    30
$450,000 – $649,999

 20

 27

16

14

 4

13

   50    9
$650,000 & up

 2

 8

 1

1

    1     7    26    1
Total / Average DOM

66

102

60

49

  6    53    38    26

 

2016 Sales

2017 Sales

 Average

% of

Average

% of

Price Range

List Price

Sold Price

Sales Price

List Price

Sold Price

Sales Price

$200,000 – 349,999  $  317,738  $   314,057

98.8%

 $   307,738  $   303,160

 98.5%

$350,000 – 449,999  $  395,384  $   389,347

98.5%

 $   398,000  $   391,728

 98.4%

$450,000 -649,999  $  504,683  $   496,446

98.4%

 $   541,292  $   538,691

 99.5%

Over $650,000  $  697,500  $   690,000

98.9%

 $   698,500  $   730,000

104.5%

Average  $  402,389  $   396,566

98.6%

 $   421,126  $   417,123

 99.0%

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