Thanks to a strong 4th quarter finish the annual sales for residential homes in the greater Graeagle area was only down 12% (sales were down 25% through the first three quarters of 2014). While the “average days on the market” was up 9% the average sale price was also up, slightly over 2%. Short sales and REOs were down almost 50% showing some increased stability in the market place.
The items in bold show those transactions that involved Graeagle Associates, Realtors as representing the buyer, seller or both. Once again the data shows Graeagle Associates is “the market leader” in real estate.
The Local Area Sales Sales Summary shows the sales results by specific areas over a period of time (from the “good ol’ days” to present). Reviewing the results of the past couple of years does show an upward trend overall in the average price sold.
Vacant Lot & Acreage sales were up 57% over 2013. The continuing bargain sales of Gold Mountain was the primary contributor. Sales at Gold Mountain were up 330% but with an average price of only $10,600. The Gold Mtn lot prices caused the average lot price to fall 37% to $25,747 in 2014 from $40,913 in 2013.
Lots Sold ’14
The Graeagle Area sales continue to be disappointing through the third quarter of 2014. Total sales are off 25% compared to 2013 and the “days on the market” increased by 15% to 286 days. While the average sell price was up 2% ($246,574) the asking price compared to the sale price was off by 3%.
The first six months sales results show sales declining by 20% (33 vs 41) with an average days on the market of 354 as compared to 250 for 2013.
The first four months of 2014 show almost exactly the same number of sales as last year, 20 this year as compared to 19 last.
The real estate market is finally rebounding and once again the data shows that Graeagle Associates, Realtors is the market leader. The Graeagle Area Market Sales Summary indicates a significant improvement as compared to the last five years. The number of residences sold was up 20% over 2012 and the average sale price was up 19%. Sellers found some comfort in the fact that the sales price was only 6.5% below the asking price. Meanwhile, bank owned properties and short sales were down 25%. Local Area Market Sales
The Graeagle Area Residential Sales report shows all sales for 2013 by closing date. 2013 Sales
Sales of vacant lots and land continues to trail residential sales. However, land sales should increase as the housing inventory decreases. Lots & Land
The Sold Analysis report provides a snapshot of sales activity and pricing by local communities. Sold Analysis