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2018 First Quarter Statistics for SB

 

With high demand and a continued shortage of housing inventory, prices have steadily climbed and homes are selling at a faster rate compared to last year. More than 1/3 of homes are sold with multiple offers with more sellers receiving full price or greater compared to last year. However, the increase in median price is nominal, which keeps us in a strong and stable market.

 

Single Family Homes:

2017 Q1                    2018 Q1           %change

Median price:                $1,232,500                  $1,275,000         +3.4%

Days On Market:          49                              25                 -49.0%

Sell Price/List Price:      97.69%                      98.93%            +1.24%

 

Condominiums:

Median price:                $645,000                    $683,750              +6.0%

Days on Market:               36                                22                    -38.9%

Sell Price/List Price:      98.87%                     99.95%               +1.08%