Sudden Valley Dec 2014 Real Estate Statistics

By
Managing Real Estate Broker with Keller Williams Western Realty

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

Date 10/13 11/13 12/13 1/14 2/14 3/14 4/14 5/14 6/14 7/14 8/14 9/14 10/14 11/14 12/14
For Sale 68 56 55 56 51 65 67 76 75 80 77 60 54 45 43
New Listing 19 13 10 20 17 26 25 26 20 21 20 10 13 8 10
Sold 14 13 11 11 10 17 11 20 17 5 13 18 15 16 7
Pended 16 12 8 12 21 14 18 12 10 14 16 22 10 11 10
Months of Inventory (Closed Sales) 4.9 4.3 5 5.1 5.1 3.8 6.1 3.8 4.4 16 5.9 3.3 3.6 2.8 6.1
Months of Inventory (Pended Sales) 4.3 4.7 6.9 4.7 2.4 4.6 3.7 6.3 7.5 5.7 4.8 2.7 5.4 4.1 4.3
Absorption Rate (Closed Sales) % 20.6 23.2 20 19.6 19.6 26.2 16.4 26.3 22.7 6.3 16.9 30 27.8 35.6 16.3
Absorption Rate (Pended Sales) % 23.5 21.4 14.5 21.4 41.2 21.5 26.9 15.8 13.3 17.5 20.8 36.7 18.5 24.4 23.3
Avg. Active Price 284 274 272 267 275 273 274 292 303 284 278 280 308 312 300
Avg. Sold Price 229 204 225 209 207 225 222 266 240 219 281 232 223 239 205
Avg. Sq. Ft. Price 129 116 105 124 103 117 106 119 107 113 130 116 117 137 107
Sold/List Diff. % 98 98 96 99 98 97 98 98 98 97 96 98 95 96 97
Sold/Orig LP Diff. % 91 93 92 91 88 93 96 94 94 93 90 93 89 93 89
Days on Market 98 48 120 139 106 97 85 110 83 137 86 97 108 73 114
Avg CDOM 126 80 110 128 131 120 65 162 104 86 107 86 101 100 108
Median 232 194 211 192 180 220 190 249 250 230 222 230 235 236 210

 

Below is a 15 month graph of Average Active and Sold Home prices for Sudden Valley.

 

This next graph is a 15 month graph of Average price per square foot in Sudden Valley

 

 

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Topic:
Real Estate Market Trends
Location:
Washington Whatcom County Bellingham Sudden Valley
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Tags:
sudden valley real estate
sudden valley real estate statistics
sudden valley home prices

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