Our real estate market has continued to show enthusiasm as we’ve moved into the first week of November. Compared to the first week of October, there has been a slight increase in activity across the board. This is terrific news! It shows that both buyers and sellers are coming together to solidify agreements before the end of the year. Days on Market are still low for the season, and sales price percent to original list price is still hovering close to the 100 percent mark. Of course the weeks around the holidays will divert our attention to other important things in our lives, like friends and family, but I expect that the real estate market will stay connected, overall, through November and December.
SINGLE FAMILY HOMES ACTIVITY
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First week of October (up to $1,000,000)
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Active = 2 ($970,000 - $989,000)
Contingent = 2 ($679,000 - $900,000)
Pending = 0 ($759,000 - $789,000)
Sold = 1 ($875,000)
The average Days on Market for Sold properties is 36. The average Sale Price % to the Original List Price is 98%.
First week of November (up to $1,000,000)
Active = 4 ($749,000 - $975,000)
Contingent = 4 ($750,000 - $849,000)
Pending = 3 ($799,000 - $849,000)
Sold = 2 ($750,000 - $765,000)
The average Days on Market for Sold properties is 100 (One of the two sold properties was on the market for 155 days). The average Sale Price % to the Original List Price is 95%.
SINGLE FAMILY HOMES ACTIVITY
First week of October ($1,000,000 or more)
Active = 2 ($1,367,000 - $4,200,000)
Contingent = 3 ($1,179,000 - $1,980,000)
Pending = 2 ($1,175,000 - $4,200,000)
Sold = 4 ($1,085,000 - $3,200,000)
The average Days on Market for Sold properties is 32. The average Sale Price % to the Original List Price is 107%
First week of November ($1,000,000 or more)
Active = 3 ($1,295,000 - $1,999,000)
Contingent = 2 ($1,225,000 - $1,595,000)
Pending = 4 ($1,295,000 - $1,875,000)
Sold = 5 ($1,125,000 - $1,875,000)
The average Days on Market for Sold properties is 31. The average Sale Price % to the Original List Price is 107%
CONDO ACTIVITY
First week of October (up to $1,000,000)
Active = 1 ($499,000)
Contingent = 2 ($599,000 - $799,000)
Pending = 0
Sold = 2 ($775,000 - $910,000)
The average Days on Market for the Sold property is 24. The average Sale Price % to the Original List Price is 99%
First week of November (up to $1,000,000)
Active = 1 ($349,000)
Contingent = 1 ($569,000)
Pending = 2 ($439,000 - $689,000)
Sold = 0
First week of October ($1,000,000 or more)
Active = 0
Contingent = 0
Pending = 0
Sold = 1 ($1,100,000)
The average Days on Market for the Sold property is 20. The average Sale Price % to the Original List Price is 110%
First week of November ($1,000,000 or more)
Active = 0
Contingent = 1 ($1,050,000)
Pending = 0
Sold = 0
STATISTICS TAKEN FROM BAREIS MULTIPLE LISTING SERVICE DATABASE
