Residential sales are actually down a little in 2016 compared to 2015 for the month of March technically. I do not think that is a true reflection of the market.
2015 saw 13 homes selling as existing single family homes they sold for a total of $2,132,100 or an average of $164,007. The average total square footage of those homes was 1579 sq. ft. or selling for the average price of $103.86 per square foot.
2016 saw 9 existing single family homes selling for a total of $1,485,600 or an average of $165,066 per home. The average square footage of those homes was 1475 sq ft or selling for the average price of $111.90 per square foot.
New Construction is still climbing in the area:
2015 Saw 2 New construction homes, that were built-in town for a total of $452,530 with an average sales price of $226,265. Total square footage of those 2 averaged 1769 sq. ft. with a total square footage price averaging in at $127.90 per square foot.
2016 gave us 5 homes selling that are new construction for a total of $1,233,263. One of those homes is a big home with an unfinished basement that I am going to take out of our averages as its going to skew the numbers. It sold for $410,170 and was 4750 square feet. The other 4 averaged $205,773 each with an average square footage of 1578 or selling for an average price of $130.40 per square foot.
2015 Also gave us 2 new construction homes on acreage. 1 that was 1818 sq ft that sold for $286,000 it was on 5 acres and the other a 2680 sq ft home that was on 3 acres that sold for $430,000.
We saw 4 lots sell in March 2015 with a total volume of $161,900 or an average sales price of $40,475. Average lot size was .30 of an acre. Click here to view the 2015 sales.
We had 6 acreage lots sell in March of 2015. One a 2.29 acre lot for $55,000. One large lot that was 20.25 acres that sold for $160,000. And then 4 (4+) acre lots that averaged $108,000 per lot the lots averaged 4.48 acres each. Those 4 lots averaged approx. $24,545 per acre.
2016 saw only 1 vacant lot in town selling. That was a .29 acre lot for $30,000
2016 also saw 4 lots with acreage selling in the month of March. Those 4 lots sold for a total of $502,000 or an average of $125,500 The acreage average of them was 4.10 acres with an average selling price of $30,609 per acre. Click here to see properties.
So even though the volume is down a little for the year. Prices are still up and climbing. It's a great time to be selling property. If you would like your personal price opinion on your home please contact me.