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Hampton Place 2018 Real Estate Year in Review
Every year in January I write my annual recap of Hampton Place Home Sales for the prior year, 2018 will go down as the year of "Sale Pending" no sooner than a home listed did it seem like it was under contract. For those of you who are considering selling in 2019, here is a look back and my forecast for 2019.
 
A look back at 2018
The overall number of homes SOLD was relatively unchanged from 2017 and hasn't changed much over the past 5 years, we have been generally seeing about 20 to 30 homes sell per year. In a neighborhood the size of Hampton Place we would expect a turn over rate of 10% but have seen only about a 5% turn over rate for the last 5 years.
While the number of homes SOLD has been flat, the average sales price for Hampton Place homes has been steadily increasing. The average sales price in 2018 increased 6.4% from 2017 and is up an incredible 17.3% from 5 years ago. 
Another encouraging statistic is the average days to sell, in 2018 Hampton Place homes Sold in 15 days or less while taking 41 days in 2017 and 54 days five years ago. 
 
So ... more

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