2015 The year in review!
A review of sales activity from January 1, 2015 through January 31, 2015 , as compared with the same period ending December 31, 2014, shows a continued improvement in the market as a whole. The total number of homes sold in 2015 was 38, with 5 pending sales at year’s end. The median price was $1,012,000, with the high of $4,000,000 and low of $189,000.
The average time on market 338 days which is down from 429 in 2014.
An uptick in land sales, up 41% with 44 sale in 2015, compared to 31 sales in 2014, is generally a good indicator of market strength.
The inventory of homes on the market is at 155 which is down from 178 in 2014.
We hope to see some upward pressure on sale prices in 2016 due to decreasing inventories.