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Sudden Valley Dec 2014 Real Estate Statistics
December 2014 is a Buyer's market!
The number of for sale listings was down 21.8% from one year earlier and down 4.4% from the previous month. The number of sold listings decreased 36.4% year over year and decreased 56.2% month over month. The number of under contract listings was down 9.1% compared to the previous month and up 25% compared to the previous year.
The Months of Inventory based on Closed Sales is 6.1, up 22% from the previous year.

The Average Sold Price per Square Footage was down 21.9% compared to the previous month and up 2.5% compared to last year.
The Median Sold Price decreased by 11% from last month.
The Average Sold Price also decreased by 14.2% from last month.
Based on the 6 month trend, the Average Sold Price trend is "Depreciating" and the Median Sold Price trend is "Neutral".

The Average Days on Market showed a neutral trend, a decrease of 5% compared to the previous year. The ratio of Sold Price vs. Original List Price is 89%, a decrease of 3.3% compared to the previous year.
I the table below home prices are given in 1,000's of US dollars
 
Below is a 15 month ... more

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