December 8, 2014
This festive time of the year, is probably my favorite. I was recently reminded that my affinity for the Holidays is a "need to not let go of my childhood." Since I turn "60" this week…I must agree with this statement!
The real estate market settled down a bit in November after a very active September and October. In November there were 33 sales (compared to 42 sales in October) and the average price remained strong ($1.44M) but the median price was back to normal ($550K). As with last month, the YTD numbers continue to be a "reality check" of the good monthly news. The YTD news indicates we are still in a steady market with the number of sales slightly below last year and prices basically the same. The average "days on market", however, are down by 15%!
Month/Year Nov/2014 Oct/2014 Nov/2013 2014(YTD) 2013(YTD)
# Residential Sales 33 42 38 359 369 Average Price $1.44M $1.36M $1.1M $1.03M $1.01M
Median Price $550K $1.02M $710K $595K $610K
Avg. Days on Market 219 190 219 222 261
There are currently 78 properties showing "Under Agreement" in our system which should equate to 30-40 closings for the month of the December. And…the "pipeline" for January 2015 transactions indicates a good start to the New Year.
Have a great Holiday Season and in the words of Charles Dickens, ""I will honour Christmas in my heart, and try to keep it all the year. I will live in the Past, the Present, and the Future. The Spirits of all Three shall strive within me. I will not shut out the lessons that they teach!"
All the best…
Accredited Buyers Agent®
Certified Residential Specialist®,
Certified Luxury Home Marketing Specialist®