Hello.

The numbers are in and here’s a quick snap shot of key indicators showing that we may be seeing a slowdown in real estate. Please call me for a detailed breakdown of your township. Here are the overall numbers for:

SINGLE FAMILY HOMES

  • Days on Market were 42% longer in January 2016 than the median average in 2015.
  • Sales prices also saw a 14% dip.
  • Price per Square Foot was also adversely affected.
  • While median prices exceeded the list price, they did so at a lower rate in January 2016.
  • Months of inventory rose again above one month after sitting at .7% in 2015.

SINGLE FAMILY HOMES

2015January 2016% of Change
Days on Market243442%
Median Sales Price$1,250,000.00$1,077,500.00-14%
Price per Square Foot$734.00$720.00-2%
% of List price Recv’d108%104%-4%
Months of Inventory0.71.157%

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CONDOS/TOWNHOMES

  • Condos faired better than SFR’s to some degree. Days on Market was50% more in January 2016 than the median average in 2015.
  • Sales prices also saw a 7% increase.
  • Price per Square Footand Median Sale Price were also slightly up by 3% and7%
  • Percentage of List Price Receivedweakened by 2%.
  • Months of inventory also went up 80% to almost a one-moth level.
CONDOS2015January 2016% of Change
Days on Market203050%
Median Sales Price$702,000.00$752,500.007%
Price per Square Foot$613.00$631.003%
% of List price Recv’d107%105%-2%
Months of Inventory0.50.980%

SAMCAR Condos January 2016-page-001