Wondering what the average price history is for 2014 thus far? Well, here you go.
Average residential pricing continues to be highly consistent as of July. We are happy to see consistent numbers after the recession. Consistent means that our real estate market is holding its value and is stable.
Here’s some numbers for you:
Single family: $799,222 Multi-family (meaning condos and townhomes): at $362,783 Vacant land: $372,880
Residential volume is also doing really well with 158 transactions and topping $79 million in gross volume. 12 of those properties were sold for $1M or more in July alone. This brings us to a higher active price point than previous months at $300K to $400K. The $500-600K price point was also high with 22 transactions! Here’s the full breakdown:
55 single family homes
103 multi-family homes
14 vacant land sales.
Overall, we are really happy with the performance of the market this July. Properties are selling and they are selling fast and with stable prices. Considering buying or selling a second home or vacation home? Now is a great time! Click here to get started.