Sandwich NH | August Home Sales Report - Sandwich August home sales were down 67% from July and unchanged from July 2014. Home sales year-to-date, however, were up 20%, with 13 closed transactions, compared to 11 YTD sales a year ago. August sales volume year over year declined 37.5%, from $360,000 to $225,000. For the the seven months ended August 31, dollar volume is down 7.76% to $3.9 million compared to the same period last year.
August saw 5 listings added to inventory, down 67% from July, but up 150% year over year. Total new listings YTD rose 41.37% to 41 single-family homes. Currently, there are 24 homes available for sale, a 13.7-month supply based on an average monthly absorption of just under two housing units over the previous 12 months.
The August median home price declined to $225,000, off 37.5% in a year-over-year comparison. For the seven months ended July 31, the median price of a home in Sandwich stood at $282,000, up 8.65% year over year.
YTD, Sandwich homes on average took 20.5% longer to sell than a year ago, with average days on market rising from 151 days YTD in 2014 to 181 days through August this year.
HERE ARE THE RELEVANT NUMBERS*:
ALL HOUSING: AUGUST YoY | YTD YoY
New Listings: 05/02 (+150%) | 41/29 (+41.37%)
Sold Listings: 01/01 (0%) | 13/11 (+18.18%)
Pending Listings: 00/00 (0%) | 04/07 (- 42.85%)
$ Vol. Sold (Mill): .225/.360 (- 37.5%) | 3.887/4.214 (- 07.76%)
Median List Price: .245/.350 (-29.97%) | .285/.289 (- 01.38%)
Median Sell Price: .225/.360 (- 37.5%) | .280/.265 (+05.66%)
Ave. Days on Mkt. 21/5 (+ 320%) | 181/151 ( + 20.53%)
* Based on information from the Northern New England Real Estate Network, Inc., for the periods shown.
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