Market Analysis % Change Year over Year 2016 vs 2017: Monetary volume ($114,226,938) in April 2017 was 28% higher compared to April 2016. Transactions (189) were up by 22%. YTD 2017, monetary volume is up by 31% and transactions are up 15% compared to YTD 2016.
Comparative Historical Cost Analysis: -Average Indicators for $: Single Family +22%, Multi- Family +12%, Vacant Land +8%. -Median Indicators for $: Single Family +30%, Multi- Family +10% and Vacant Land +8%.
Luxury Market continues to improve; -YTD 2017; 95 properties sold for $1M and over!!! -YTD 2016; 46 properties sold at $1M and over. -YTD 2015 43 properties at $1M and over. That’s over double in two years!
Time on Market; Demand is steady and days on market has plummeted; it was 25 days for December '16 and 30 days in Feb '17~down to 13 Days in April.
Right now we have the largest inventory in the past six months, almost 500 listings! Now is the time to start looking for that dream property.