As I said in the earlier post about a week ago, I need to update and see how the overall market is doing in relationship to last year. That is what we have here, the numbers for last year at this time (August 12) and the numbers for this year. Although we found that sales of waterfront residential is improved in 2018 we aren't quite keeping up in the overall residential market this year. You'll see. Also, although the inventory for waterfront is far from excessive, we have quite a bit of inventory if you take into account all of the residential market. Here are the numbers:
All residential sales in four counties 1/1 through 8/12
| |
2017 |
2018 |
Active |
| # sold |
352 |
345 |
626 |
| $ sold (millions) |
106.4 |
102.8 |
267.6 |
| Median sales price |
218,250 |
246,000 |
349,000 |
| Median days on market |
171 |
173 |
122 |
No bad news here, but just noteworthy that we aren't forging ahead again this year. Lots of factors for that I'm sure so we'll just have to see what the end of the year brings.
All land sales for the four counties 1/1 through 8/12
| |
2017 |
2018 |
Active |
| # sold |
110 |
90 |
922 |
| $ sold (millions) |
11.1 |
8.9 |
126.4 |
| Median sales price |
82,500 |
41,000 |
75,000 |
| Median days on market |
277 |
245 |
358 |
Hmmm, we are sort of in the ballpark with last year's numbers but there is enough that is off that this should really be watched. The numbers and the dollars are lower for this year but the median days on market are considerably better this year. Look at that number of actives though....922 versus the 90 that have sold so far this year. Also the median sales price for property that has sold this year is way below last year. Looking for numbers to improve before the end of the year.
