Ask McMillin Spring 2016

Page 1


... ABOUT THE MARKET

91910

CLICK HERE

NORTH CHULA VISTA

to view all 91910 homes

T

his northwest sector of Chula Vista has seen 7% annual appreciation in detached housing, and boasts the greatest inventory of any South County zip, with 62 detached units available. The average condo unit is $300,000, a modest rise of 2% year-over-year. Properties go to contract in about 2 weeks and there is a very low inventory available (2 months for detached; 1 month for attached) in this area.

ATTACHED SALES

DETACHED SALES

1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

Average Sales Price

$300,913

Down 7%

$324,218

Up 2%

$291,387

$256

Average Price Per Sq Ft

$240

Down 1%

$243

Up 9%

$221

Up 3%

$431,500

Median Sales Price

$297,250

Down 15%

$350,750

Down 6%

$316,000

59

Up 5%

59

Listing Inventory (Active)

13

Down 32%

19

Down 24%

17

Down 19%

111

Down 3%

93

Number of Sales

40

Up 25%

32

Up 25%

32

18

Down 22%

23

Down 28%

25

Median Days on Market

15

Down 40%

25

Down 46%

28

2 months

Up 25%

1.5 months

0%

2 months

Absorption Rate (month to sell inventory)

1 month

Down 50%

2 months

Down 33%

1.5 months

1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

Average Sales Price

$479,438

Up 2%

$462,311

Up 7%

$448,846

Average Price Per Sq Ft

$285

Up 3%

$278

Up 11%

Median Sales Price

$443,000

Down 2%

$450,000

Listing Inventory (Active)

62

Up 5%

Number of Sales

90

Median Days on Market Absorption Rate (month to sell inventory)

TEMECULA

PAUMA VALLEY

AVERAGE SALES PRICE

FALLBROOK

NUMBER OF SALES

MT. PALOMAR OBSERVATORY

VALLEY CENTER

$600,000

VISTA

Legoland California

VIEW MORE/ EXPAND

350 Mission San Luis Rey

SAN MARCOS

SAN DIEGO NORTH INLAND

$350,000

ESCONDIDO

BORREGO SPRINGS

225

San Diego Zoo Safari Park

JULIAN

$100,000

100

RANCHO BERNARDO

RAMONA

05

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PAST 10 YEARS

91911

R

CLICK HERE

SOUTHWEST CHULA VISTA

to view all 91911 homes

unning from L St, south to Main and between the two freeways (5 and 805), this area continues to have the most affordable homes in Chula Vista, with the average detached housing at $429,000 and attached at $294,000. Detached housing appreciated 9% year-over-year, and attached a whopping 26%. Properties go to contract in 2-3 weeks. Condos in this area are hot-hot-hot, with number sold jumping from 7/month to 13/month.

ATTACHED SALES

DETACHED SALES

1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

Average Sales Price

$294,503

Up 15%

$255,681

Up 26%

$236,790

$256

Average Price Per Sq Ft

$229

Down 2%

$234

Up 10%

$209

Up 8%

$385,000

Median Sales Price

$280,000

Up 8%

$260,000

Up 17%

$240,750

50

Down 12%

52

Listing Inventory (Active)

17

Down 15%

20

0%

17

Down 17%

103

Down 2%

87

Number of Sales

38

0%

38

Up 73%

22

23

Up 5%

22

Down 15%

27

Median Days on Market

18

Down 18%

22

Down 47%

34

1.5 months

0%

1.5 months

Down 25%

2 months

Absorption Rate (month to sell inventory)

1.5 months

0%

1.5 months

Down 40%

2.5 months

1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

Average Sales Price

$429,772

0%

$430,729

Up 10%

$391,455

Average Price Per Sq Ft

$285

Up 3%

$276

Up 16%

Median Sales Price

$415,000

Down 2%

$425,000

Listing Inventory (Active)

46

Down 8%

Number of Sales

85

Median Days on Market Absorption Rate (month to sell inventory)

AVERAGE SALES PRICE

NUMBER OF SALES

$500,000

VIEW MORE/ EXPAND

300

$300,000

200

$100,000

100 05

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PAST 10 YEARS MCMILLINREALTY.COM

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... ABOUT THE MARKET

91902

CLICK HERE

BONITA

to view all 91902 homes

S

mall and exclusive, just northeast of Chula Vista, this area’s detached housing inventory is 4 months, which means that houses here are selling slower than in any other South County community. Detached housing average sale price of $625,000 is up 4% from last year, and the active detached units available jumped from 38 to 49. Condos in Bonita are hard to come by, with only 3 active listings. They have appreciated 33% year-over-year, now averaging $280,000/ unit. Properties in Bonita take about one month to go to contract.

ATTACHED SALES

DETACHED SALES

TEMECULA

1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

Average Sales Price

$279,285

Up 20%

$230,722

Up 33%

$209,666

$269

Average Price Per Sq Ft

$253

Up 7%

$236

0%

$251

Up 2%

$596,500

Median Sales Price

$300,000

Up 33%

$225,000

Up 41%

$212,000

54

Up 29%

38

Listing Inventory (Active)

3

0%

3

Up 50%

2

Down 35%

55

0%

36

Number of Sales

7

Down 22%

9

Up 17%

6

0%

36

Down 20%

49

Median Days on Market

36

Up 176%

13

Up 100%

18

Up 33%

3 months

Up 33%

3 months

Absorption Rate (month to sell inventory)

1 month

0%

1 month

0%

1 month

1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

Average Sales Price

$624,690

Up 4%

$604,368

Up 4%

$596,666

Average Price Per Sq Ft

$269

Down 2%

$276

0%

Median Sales Price

$608,500

0%

$600,000

Listing Inventory (Active)

49

Down 9%

Number of Sales

36

Median Days on Market

39

Absorption Rate (month to sell inventory)

4 months

PAUMA VALLEY

AVERAGE SALES PRICE

FALLBROOK

NUMBER OF SALES

MT. PALOMAR OBSERVATORY

VALLEY CENTER

$800,000

VISTA

Legoland California

VIEW MORE/ EXPAND

120 Mission San Luis Rey

SAN MARCOS

SAN DIEGO NORTH INLAND

$500,000

ESCONDIDO

BORREGO SPRINGS

80

San Diego Zoo Safari Park

JULIAN

$200,000

20

RANCHO BERNARDO

RAMONA

05

06

07

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09

10

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12

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PAST 10 YEARS

W

92154

CLICK HERE

SOUTH SAN DIEGO

to view all 91954 homes

ithin the City of San Diego, south of Chula Vista, running between I-5 and I-805, South San Diego single family homes have an average sale price of $446,000, up a healthy 16% year-over-year, with houses going to contract in roughly 3 weeks. Attached housing is averaging $276,000, up 10% annually, and yet these condos average the lowest price-persq-ft in South County at $218/sq ft. No wonder the number of SSD condo sales has doubled in 1st quarter of 2016, compared to 2015. Great value for the money.

ATTACHED SALES

DETACHED SALES

1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

Average Sales Price

$276,480

Up 1%

$274,615

Up 10%

$250,640

$237

Average Price Per Sq Ft

$218

Up 1%

$220

Up 8%

$202

Up 16%

$375,000

Median Sales Price

$288,500

Up 3%

$279,000

Up 13%

$255,000

27

Up 6%

35

Listing Inventory (Active)

19

Up 36%

14

Up 36%

14

Down 31%

78

Down 33%

80

Number of Sales

30

Down 6%

32

Up 100%

15

19

Down 24%

25

Down 10%

21

Median Days on Market

18

Up 100%

9

Down 40%

30

2 months

Up 100%

1 month

Up 33%

1.5 month

Absorption Rate (month to sell inventory)

2 months

Up 60%

1.25 months Down 33%

1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

Average Sales Price

$446,537

Up 1%

$441,801

Up 16%

$385,378

Average Price Per Sq Ft

$263

Up 5%

$249

Up 11%

Median Sales Price

$436,250

Up 4%

$417,000

Listing Inventory (Active)

37

Up 37%

Number of Sales

54

Median Days on Market Absorption Rate (month to sell inventory)

AVERAGE SALES PRICE

3 months

NUMBER OF SALES

$600,000

VIEW MORE/ EXPAND

400

$375,000

250

$150,000

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PAST 10 YEARS MCMILLINREALTY.COM

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... ABOUT THE MARKET

92101

CLICK HERE

DOWNTOWN SAN DIEGO

to view all 91901 homes

D

owntown San Diego is truly a story of the condominium market, with roughly 200 condos closing this past quarter, and zero single family homes closing. The average condo sale price has actually declined by 4% year-over-year. Condos are moving a little slower these days, taking about 3 months to go to contract. Be ready to pay urban prices, with the aver price/sqft at $524, a 1000 sqft condo runs over $500,000. Thinking of selling? Most go to contract in 3 to 4 weeks. How do agents take you around to see these properties? Uber, of course!

ATTACHED SALES

DETACHED SALES

TEMECULA

1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

Average Sales Price

$575,406

Up 5%

$548,819

Down 4%

$596,433

$608

Average Price Per Sq Ft

$524

0%

$523

Up 2%

$513

NA

$815,000

Median Sales Price

$440,000

Down 2%

$450,500

Down 13%

$506,375

1

Down 75%

4

Listing Inventory (Active)

203

Down 5%

214

Down 9%

222

NA

1

NA

3

Number of Sales

193

Down 2%

196

Up 3%

188

NA

NA

166

NA

2

Median Days on Market

27

Up 13%

24

Down 16%

32

NA

NA

3 months

NA

4 months

Absorption Rate (month to sell inventory)

3 months

0%

3 months

Down 14%

3.5 months

1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

Average Sales Price

NA

NA

$524,501

NA

$841,666

Average Price Per Sq Ft

NA

NA

$320

NA

Median Sales Price

NA

NA

$524,501

Listing Inventory (Active)

1

0%

Number of Sales

0

Median Days on Market Absorption Rate (month to sell inventory) PAUMA VALLEY

AVERAGE SALES PRICE

FALLBROOK

NUMBER OF SALES

MT. PALOMAR OBSERVATORY

VALLEY CENTER

$800,000

VISTA

Legoland California

VIEW MORE/ EXPAND

800 Mission San Luis Rey

SAN MARCOS

SAN DIEGO NORTH INLAND

$500,000

ESCONDIDO

BORREGO SPRINGS

550

San Diego Zoo Safari Park

JULIAN

$200,000

300

RANCHO BERNARDO

RAMONA

05

06

07

08

09

10

11

12

13

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PAST 10 YEARS

91932

T

CLICK HERE

IMPERIAL BEACH

to view all 91932 homes

his oceanfront community is undergoing major downtown improvements, and with that comes an increase in activity. About 18 units sell in IB each month. Two years ago, detached housing increased increased 30% in value, and attached increased 80%. Fortunately, in 2015, prices held those values, but did not climb substantially. About 18 properties sell each month in IB. Condos are now averaging close to $500,000.... and equal to Imperial Beach single family residences. Houses go to contract in roughly 2 weeks, condos in 3

ATTACHED SALES

DETACHED SALES

1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

Average Sales Price

$490,531

Up 16%

$421,468

Up 2%

$384,377

$306

Average Price Per Sq Ft

$431

Up 31%

$330

Up 31%

$329

Up 4%

$450,000

Median Sales Price

$550,000

Up 37%

$400,000

Up 49%

$372,500

13

Up 160%

5

Listing Inventory (Active)

23

Down 44%

16

Up 21%

19

Down 36%

36

Up 4%

25

Number of Sales

30

Up 58%

19

Up 88%

18

13

Up 8%

12

Down 13%

15

Median Days on Market

9

Down 80%

46

Down 66%

27

1.5 months

Up 50%

1 month

Up 200%

.5 month

Absorption Rate (month to sell inventory)

2.5 months

0%

2.5 months

Down 17%

3 months

1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

Average Sales Price

$490,653

Up 7%

$459,777

Up 1%

$486,480

Average Price Per Sq Ft

$359

Up 4%

$346

Up 17%

Median Sales Price

$469,000

Up 4%

$450,000

Listing Inventory (Active)

13

0%

Number of Sales

26

Median Days on Market Absorption Rate (month to sell inventory)

AVERAGE SALES PRICE

NUMBER OF SALES

$600,000

VIEW MORE/ EXPAND

100

$400,000

70

$200,000

40 05

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... ABOUT THE MARKET

91913

CLICK HERE

EAST CHULA VISTA

to view all 91913 homes

S

itting in northeast Chula Vista, east of 805, 91913 is the most active South County market, with 150 closings in the 1st Quarter 2016. Detached housing accelerated 7% in average sale price annually, to $530,000; attached housing experienced a 2% increase, to $336,000. Properties go to contract in roughly 3 weeks. Interestingly, price-per-sq-ft for detached and attached is almost identical in this area, indicating a strong condo market.

ATTACHED SALES

DETACHED SALES

TEMECULA

1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

Average Sales Price

$336,159

Up 4%

$324,233

Up 2%

$328,242

$233

Average Price Per Sq Ft

$245

0%

$245

Up 11%

$220

Up 9%

$479,000

Median Sales Price

$335,000

Up 5%

$320,000

Up 3%

$326,000

55

Down 13%

45

Listing Inventory (Active)

23

Down 28%

32

Down 36%

36

0%

101

Up 38%

73

Number of Sales

47

Up 43%

31

Down 25%

63

23

Up 5%

22

Up 21%

19

Median Days on Market

14

Down 33%

21

Down 48%

27

1 month

Down 33%

1.5 months

Down 50%

2 months

Absorption Rate (month to sell inventory)

1.5 months

Down 50%

3 months

0%

1.5 months

1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

Average Sales Price

$538,380

Up 2%

$526,768

Up 7%

$503,194

Average Price Per Sq Ft

$249

0%

$251

Up 7%

Median Sales Price

$520,000

Down 1%

$525,000

Listing Inventory (Active)

39

Down 29%

Number of Sales

101

Median Days on Market Absorption Rate (month to sell inventory)

AVERAGE SALES PRICE

NUMBER OF SALES

PAUMA VALLEY

FALLBROOK

MT. PALOMAR OBSERVATORY

$600,000 VALLEY CENTER

VIEW MORE/ EXPAND

500

VISTA SAN MARCOS

Legoland California

SAN DIEGO $400,000 NORTH INLAND

BORREGO SPRINGS

350

ESCONDIDO

San Diego Zoo Safari Park

JULIAN

$200,000

200

RANCHO BERNARDO

RAMONA

05

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PAST 10 YEARS

91914

T

CLICK HERE

ROLLING HILLS, CHULA VISTA

to view all 91914 homes

his properous area encompasses Rolling Hills Ranch, The Gates, and other high-end view properties. The detached houses boast the highest average sale price in South County, at $743,000, up 13% from 12 months ago. Listing inventory is shrinking, now at roughly 2 months. Market time is just one month, not bad for such high-end homes. Condos in this area are gobbled up quickly. Only one available, and the area typically closing 5/month with an attractive sale price of about $350,000.... half of what the detached go for in 91914.

ATTACHED SALES

DETACHED SALES

1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

Average Sales Price

$342,633

Up 3%

$331,698

Up 9%

$313,281

$233

Average Price Per Sq Ft

$261

Down 4%

$273

Up 9%

$239

Up 19%

$598,000

Median Sales Price

$345,000

Up 3%

$335,000

Up 10%

$314,500

52

Up 13%

24

Listing Inventory (Active)

1

Down 83%

6

Down 86%

7

Up 2%

46

Up 38%

34

Number of Sales

15

0%

15

Down 6%

16

Up 6%

36

Up 52%

25

Median Days on Market

24

Up 100%

12

Up 71%

14

3.5 months

Down 13%

2 months

Absorption Rate (month to sell inventory)

.25 months

Down 91%

3 months

Down 81%

1.3 month

1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

Average Sales Price

$743,148

Up 4%

$712,956

Up 13%

$655,306

Average Price Per Sq Ft

$244

Down 1%

$247

Up 5%

Median Sales Price

$712,000

Up 14%

$625,000

Listing Inventory (Active)

27

Down 48%

Number of Sales

47

Median Days on Market

38

Absorption Rate (month to sell inventory)

1.75 months Down 50%

AVERAGE SALES PRICE

NUMBER OF SALES

$1,000,000

VIEW MORE/ EXPAND

350

$650,000

225

$300,000

100 05

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... ABOUT THE MARKET

91915

CLICK HERE

EASTLAKE, CHULA VISTA

to view all 91915 homes

E

ncompassing Eastlake and Otay Ranch, this newer area of Chula Vista includes many community parks and pools. Most properties have Mello-Roos. Detached housing has broken through the $500,000 average sale price barrier and seems content to remain there for a while. Inventory moves quickly; only 1.5 months available. The condo market has strengthened, appreciating 10% year-over-year, now averaging $373,000, the highest condo average in South County. Condos sell in about 4 weeks, about 12 changing hands every month.

ATTACHED SALES

DETACHED SALES

TEMECULA

1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

Average Sales Price

$373,465

Up 3%

$361,854

Up 10%

$339,299

$236

Average Price Per Sq Ft

$236

0%

$236

Up 3%

$229

Up 5%

$484,000

Median Sales Price

$370,000

Up 4%

$357,500

Up 11%

$332,000

43

Down 24%

38

Listing Inventory (Active)

25

Down 22%

32

Up 19%

21

Down 23%

83

0%

62

Number of Sales

35

Down 20%

44

Down 20%

44

35

Up 67%

21

Up 9%

32

Median Days on Market

29

Up 12%

26

Up 20%

24

1.5 months

0%

1.5 months

Down 25%

2 months

Absorption Rate (month to sell inventory)

2 months

0%

2 months

Up 33%

1.5 months

1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

Average Sales Price

$525,157

Down 6%

$540,777

Up 6%

$496,788

Average Price Per Sq Ft

$251

0%

$250

Up 6%

Median Sales Price

$506,000

Down 7%

$545,000

Listing Inventory (Active)

29

Down 33%

Number of Sales

64

Median Days on Market Absorption Rate (month to sell inventory) PAUMA VALLEY

AVERAGE SALES PRICE

FALLBROOK

NUMBER OF SALES

MT. PALOMAR OBSERVATORY

VALLEY CENTER

$700,000

VISTA SAN MARCOS

Legoland California

VIEW MORE/ EXPAND

SAN DIEGO NORTH INLAND

BORREGO SPRINGS

$450,000

ESCONDIDO

500 350

San Diego Zoo Safari Park

JULIAN

$200,000

200

RANCHO BERNARDO

RAMONA

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PAST 10 YEARS

91950

L

CLICK HERE

NATIONAL CITY

to view all 91950 homes

ocated just north of Chula Vista, along the bay, most of the National City housing was built prior to 1960. This area shouts “affordable!” with the lowest average detached sale price in South County... at $350,000... up 14% over last year. Not surprisingly, the detached housing has only 1.5 months of inventory available. The condo market’s average sale price has appreciated a whopping 23% year-over-year,... and yet is still very affordable, under $300,000, but very few units available, with only 3 closing per month.

ATTACHED SALES

DETACHED SALES

1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

Average Sales Price

$286,687

Up 32%

$217,384

Up 23%

$215,900

$248

Average Price Per Sq Ft

$223

Up 11%

$201

Up 8%

$207

Up 10%

$315,000

Median Sales Price

$306,750

Up 47%

$208,000

Up 35%

$227,500

15

Up 8%

24

Listing Inventory (Active)

4

Down 20%

5

Down 50%

8

Down 18%

60

0%

49

Number of Sales

8

Down 38%

13

Down 20%

10

Down 18%

17

Down 18%

17

Median Days on Market

10

Down 41%

17

Down 29%

14

Up 100%

.75 months

0%

1.5 months

Absorption Rate (month to sell inventory)

1.5 months

Up 50%

1 month

Down 40%

2.5 months

1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

Average Sales Price

$350,482

Up 4%

$338,326

Up 14%

$307,028

Average Price Per Sq Ft

$290

Up 7%

$270

Up 17%

Median Sales Price

$345,000

Down 1%

$348,500

Listing Inventory (Active)

26

Up 73%

Number of Sales

49

Median Days on Market

14

Absorption Rate (month to sell inventory)

1.5 months

AVERAGE SALES PRICE

NUMBER OF SALES

$500,000

VIEW MORE/ EXPAND

200

$325,000

125

$150,000

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... About the Market

92139

CLICK HERE

PARADISE HILLS

to view all 91915 homes

L

ocated just northeast of Chula Vista, along SR 54, Paradise Hills detached housing appreciated a healthy 8% annually, and continues to remain quite affordable, averaging under $400,000. The condo market moves quickly... in 3 weeks, but pricing stabilized in 2015, averaging roughly $270,000. About 22 Paradise Hills properties sell each month, and monthly inventories are just over 1 month, which is VERY low.

ATTACHED SALES

DETACHED SALES

TEMECULA

1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

Average Sales Price

$269,907

Down 2%

$275,687

0%

$270,264

$252

Average Price Per Sq Ft

$229

0%

$228

Up 9%

$210

Up 8%

$370,500

Median Sales Price

$277,500

Up 1%

$275,000

Down 1%

$280,000

13

Down 30%

23

Listing Inventory (Active)

10

Down 23%

13

Down 23%

13

Down 2%

40

Up 30%

30

Number of Sales

28

Down 28%

39

0%

28

14

Down 44%

25

Down 50%

28

Median Days on Market

24

Up 100%

12

Down 33%

18

1.5 months

Down 50%

1 month

Down 40%

2.5 months

Absorption Rate (month to sell inventory)

1 month

0%

1 month

Down 33%

1.5 months

1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

Average Sales Price

$397,812

Up 10%

$361,053

Up 8%

$367,940

Average Price Per Sq Ft

$287

Up 7%

$262

Up 14%

Median Sales Price

$400,000

Up 10%

$363,000

Listing Inventory (Active)

17

Up 31%

Number of Sales

39

Median Days on Market Absorption Rate (month to sell inventory) PAUMA VALLEY

AVERAGE SALES PRICE

FALLBROOK

NUMBER OF SALES

MT. PALOMAR OBSERVATORY

VALLEY CENTER

$500,000

VISTA SAN MARCOS

Legoland California

VIEW MORE/ EXPAND

SAN DIEGO NORTH INLAND

$300,000

ESCONDIDO

BORREGO SPRINGS

200 125

San Diego Zoo Safari Park

JULIAN

$100,000

50

RANCHO BERNARDO

RAMONA

05

06

07

08

09

10

11

12

13

14

15

PAST 10 YEARS

92173

A

CLICK HERE

SAN YSIDRO

to view all 92173 homes

small town annexed to the City of San Diego, along the US-Mexico border, San Ysidro is a truly bi-cultural community. Only about 6 units/month close escrow here. San Ysidro condos have had a spectacular real estate story the past few months. Condos boast the lowest average sale price anywhere in South County, at $233,000, and conversely, the highest year-over-year appreciation at a whopping 37%. Notice they are hard to find, with only 1/3 month’s inventory. Single family homes average a low $400,000, and again, low inventory at 1/2 month.

ATTACHED SALES

DETACHED SALES

1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

Average Sales Price

$233,857

Up 32%

$176,600

Up 37%

$170,163

$250

Average Price Per Sq Ft

$222

Up 6%

$211

Up 4%

$214

Up 18%

$350,000

Median Sales Price

$209,000

Up 26%

$166,000

Up 20%

$174,900

9

Down 50%

4

Listing Inventory (Active)

7

Up 17%

6

Down 8%

12

Down 35%

20

Up 18%

11

Number of Sales

7

Down 30%

10

Down 36%

11

Up 125%

18

Down 2%

42

Median Days on Market

14

Up 8%

3

Down 72%

50

Down 60%

1.25 months

Down 50%

1 month

Absorption Rate (month to sell inventory)

.33 months

Down 83%

1.75 months Down 89%

1st Q-2016

% Change

4th Q - 2015

% Change

1st Q - 2015

Average Sales Price

$400,000

Up 9%

$367,055

Up 15%

$348,636

Average Price Per Sq Ft

$262

Up 2%

$257

Up 5%

Median Sales Price

$413,000

Up 11%

$382,000

Listing Inventory (Active)

2

Down 78%

Number of Sales

13

Median Days on Market

41

Absorption Rate (month to sell inventory)

.5 months

AVERAGE SALES PRICE

3 months

NUMBER OF SALES

$500,000

VIEW MORE/ EXPAND

80

$325,000

55

$150,000

30 05

06

07

08

09

10

11

PAST 10 YEARS MCMILLINREALTY.COM

7

1.800.599.8715

12

13

14

15


MCMILLINREALTY.COM

8

1.800.599.8715


MCMILLINREALTY.COM

9

1.800.599.8715


MCMILLINREALTY.COM

10 1.800.599.8715


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