September 2015 Market News

Market Update

September 2015 Market News

September 2015 Market News. 187 condo and home sales totaling $100,595,761 have closed so far this year with the average reduction off list price remaining at 6%, down from 9% last year. This is just five sales short of the same period last year but amounting to almost $8.2mil more in volume, an 8% increase. The average sales price of $573,337 is up 8% and the median price of $375,000 is up 5%. Another 71 properties totaling $25,168,800 are under contract only two of which are over $1mil. Seems this October and November will be slower than past years as buyers pulled the trigger faster in the summer months due to lower inventory.

85 parcels of land have closed so far in 2015. That represents $16,957,200 in volume remaining at a 50% increase over the same period last year. 8 additional parcels totaling $1,433,500 are currently under contract.