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Archive for December, 2013

VIDEO: Market Statistics for Lots, Single Family Homes, and Condos

Saturday, December 21st, 2013

Real Estate Market Yearly Comparison

Welcome back to my video blog! Today I wanted to talk about a topic that may not be the most interesting, but is near and dear to my heart – market statistics.

I gathered data from Jan. 1, 2012 – Nov. 30, 2012 and Jan. 1, 2013 – Nov. 30, 2013. The difference is pretty incredible.

There are three components to look at: lots, single family homes and condos.

Let’s look at lots first. In 2012 there were 3,592 lots listed on the MLS, this year there are 2,440; that’s a 32% decrease in inventory. What about price? Everyone wants to know about price. The median sales prices rose by 33% and the average sales price rose by 13%.

Single family home sales saw an increase in inventory for the first time in three years. It was only a slight increase, though. There was a 16% increase in the number of homes closed this year. Median sales prices increased by 6% and the average sale price increase by 5%.

Finally, let’s take a look at condos. Our condo market hasn’t been quite as hot as our single family homes. We save an increase of about 3% in inventory and only about a 1%-2% increase in the average sales price.

If you have any questions about our market right now or anything real estate, please give me a call! Thanks for watching!