Although transactions were up 24.44% over June of 2015, June 2016 gross volume was down 15.38% as compared to last year at $116,587,408 versus $137,780,862 for June 2015. Overall, the total YTD volume for 2016 is still up 5.77% over 2015. The average residential sales price in June 2016 went up $6,997 to $243,917 and the June median price was up $3,500 to $208,500. The year to date for June values are $233,850 for the average residential price and $200,000 for the median residential price. We have seen a 10% increase in the average single family home price since 2014!
June sales show a slight drop in cash transactions from 31% to 29%. We are also still seeing some fast and competitive movement in many of the price ranges and low inventory in many segments of the market. There are currently 900 active residential listings here on the Western Slope (up from 888 at time of last month’s report) and our MLS is showing that there are 479 residential listings that are PENDING! With interest rates remaining way below 4% for most loan types, this is an amazing time to buy! Please think of me if you are thinking of buying or selling a home this fall!
Please come to my next Your Home Buzz Tuesday September 13th at 10 am at Trader’s on 7th and Patterson, details below, to talk more about the market and what I can do to help you reach your goals!
Year to Date Volume for Current Month, $482,118,724
% Change, 5.77%
Current Month Volume, $116,587,408
Month over Month Volume Prior Year, $137,780,862
% Change, 15.38%
Average Residential Sales Price current month, $243,917
YTD Average Residential Sales Price, $233,850
Median Residential Sales Price for current month, $208,500
Median Residential Sales Price YTD, $200,000
# of transactions current month, 504
# of transactions YTD, 2093
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