2011 sales were higher than 2010, but fewer sales over $2M. Average days on market increased in 2011 and average sale price decreased. A good market for buyers!
Expect the market to be busier in the Spring, as Fall was slow. Will prices increase or stay flat? Don’t know, we’ll have to wait and see.
2011 Stats (for 2 and 3 bedrooms)
- listings – 9
- sales 13
- average days on market 61
- average sale price $1,348,938
- sale price to list price ratio 97%
- average $psf – 778
- sales over $2M – 2
- sales under $1M – 5
2010 Stats (for 2 and 3 bedrooms)
- sales – 10
- average days on market – 46
- average sale price $1,462,890
- sale price to list price ratio 95%
- average $psf – 819
- sales over $2M – 3
- sales under $1M – 4
range from $469,000 for 800sf one bedrooms to $2.8M for a waterfront townhome 2600sf
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