Inventory is making a modest Increase, while showings seem to be taking the typical late Summer breather!
Pricing your Listings correctly is critical right now! There still seems to be enough Buyers, but not the same amount of activity as during our prime selling season! The Premiere, Signature and Luxury markets continue to increase in numbers of homes Sold, but the Average prices have stayed steady for the year! Much better demand for the upper end of the market! Enjoy this report, and enjoy your last days of Summer!
In the $500,000 to $749,999 price range, 468 homes closed in July, 2014 with an average sold price of $588,870 resulting in a closed dollar volume of $275.6 Million..
One Hundred Eight (108) homes sold/closed in July, 2014 in the $750,000 to $999,999 price range with an average sold price of $851,598 resulting in a closed dollar volume of $91.9 Million.
In the $1 Million or greater price range, 87 homes closed in July, 2014 with an average sold price of $1,521,090 resulting in a closed dollar volume of $132.3 Million.
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