Despite the third week of July slowing up from its previous week, the real estate market in the month of August continues to hold a steady position overall. Properties going contingent spiked for homes under and over one million dollars compared to the same week in July. It was, however, homes under one million that saw the most multiple offers in the third week of August. The average days on market consistently floats between 25 and 40 days, as it has all year. We also saw some movement in condos again this week. Condo sales tend to ebb and flow in our market because of the lack of inventory. With families in the back-to-school mode, it’ll be interesting to see what the last week of August brings to our market. Have a happy and safe holiday weekend.
SINGLE FAMILY HOMES ACTIVITY
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Third week of July (up to $1,000,000)
Active = 1 ($899,000)
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Contingent = 1 ($919,000)
Pending = 0
Sold = 3 ($700,000 - $889,000)
The average Days on Market for Sold properties is 28. The average Sale Price % to the Original List Price is 118%.
Third week of August (up to $1,000,000)
Active = 4 ($550,000 - $889,000)
Contingent = 6 ($759,000 - $899,000)
Pending = 2 ($799,000 - $825,000)
Sold = 2 ($815,000 – 876,000)
The average Days on Market for Sold properties is 22. The average Sale Price % to the Original List Price is 107%.
SINGLE FAMILY HOMES ACTIVITY
Third week of July ($1,000,000 or more)
Active = 2 ($1,269,000 - $4,500,000)
Contingent = 0
Pending = 0
Sold = 6 ($1,014,000 - $1,475,000)
The average Days on Market for Sold properties is 54. The average Sale Price % to the Original List Price is 96%.
Active = 3 ($1,549,000 - $2,695,000)
Contingent = 7 ($1,085,000 - $2,795,000)
Pending = 0
Sold = 1 ($1,000,000)
The average Days on Market for the property that Sold is 16. The average Sale Price % to the Original List Price is 100%
CONDO ACTIVITY
Third week of July (up to $1,000,000)
Active = 0
Contingent = 0
Pending = 0
Sold = 1 ($877,000)
The average Days on Market for Sold properties is 60. The average Sale Price % to the Original List Price is 100%
Third week of August (up to $1,000,000)
Active = 1 ($919,000)
Contingent = 1 ($995,000)
Pending = 0
Sold = 1 ($400,000)
The average Days on Market for the Sold property is 35. The average Sale Price % to the Original List Price is 100%
CONDO ACTIVITY
Third week of July ($1,000,000 or more)
Active = 0
Contingent = 0
Pending = 0
Sold = 0
Third week of August ($1,000,000 or more)
Active = 0
Contingent = 0
Pending = 0
Sold = 0
STATISTICS TAKEN FROM BARIES MLS
