Wednesday, December 10, 2014

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…

Doug Reece
Accredited Buyers Agent®
Certified Residential Specialist®,
Certified Luxury Home Marketing Specialist®

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