47 properties sold in March which is almost exactly the number sold in January and February combined. That’s over 40% more than were sold in July 2011 (as you probably know, mid-summer is our busiest time of year). I’d say that qualifies as a good month and a noteworthy improvement, wouldn’t you?! Some high-end lakefront numbers pulled the averages up in Feb and March. I like to look at the sold price as compared to the list price and here are the percentages for each month: Jan sold price = 90% of list price; Feb 88%; March 92%.
More listings are coming to market so inventory is improving. But for now what we have is similar to what is happening in the Bay and Arizona: Low inventory and healthy demand creating multiple offers on good properties.
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Here are the charts:
| MARCH TOTAL | HIGH | LOW | AVG | MED | ||
| LISTING COUNT: | 47 | DAYS ON MARKET: | 1069 | 0 | 166 | 133 |
| HIGH | LOW | AVERAGE | MEDIAN | TOTAL PRICE | ||
| LIST PRICE: | $6,490,000 | $60,000 | $688,319 | $345,000 | $32,350,999 | |
| SOLD PRICE: | $5,640,000 | $54,849 | $635,952 | $325,000 | $29,889,749 | |
|
FEBRUARY TOTAL
|
HIGH | LOW | AVG | MED | ||
| LISTING COUNT: | 23 | DAYS ON MARKET: | 525 | 3 | 120 | 94 |
| HIGH | LOW | AVERAGE | MEDIAN | TOTAL PRICE | ||
| LIST PRICE: | $10,500,000 | $80,000 | $892,967 | $399,900 | $20,538,250 | |
| SOLD PRICE: | $8,600,000 | $80,000 | $787,073 | $385,000 | $18,102,688 | |
|
JANUARY TOTAL
|
HIGH | LOW | AVG | MED | ||
| LISTING COUNT: | 24 | DAYS ON MARKET: | 775 | 2 | 169 | 140 |
| HIGH | LOW | AVERAGE | MEDIAN | TOTAL PRICE | ||
| LIST PRICE: | $1,399,000 | $28,500 | $391,787 | $322,450 | $9,402,900 | |
| SOLD PRICE: | $1,000,000 | $26,500 | $353,520 | $290,000 | $8,484,501 |