Looking back at 2014
Single family home values increased while inventory decreased
Average sales price for single family homes increased 5.55% compared to 2013. The amount of residential units sold decreased 13.2% from 174 units to 151. Average days on market stayed about the same this past year going from 50 days in 2013 to 53 in 2014.
Attached home values increased significantly and so did the amount of closed units
Average sales price for attached homes increased 23.3% compared to 2013. The amount of attached units sold increased 38.8% from 54 units to 75. Average days on market dropped 33.96% going from 53 days in 2013 to 35 in 2014.
Looking ahead in 2015
I expect home values to continue to increase as the inventory continues to be limited. The demand for entry-level to mid-level homes will be high and homes in good condition will sell quickly.
If you are considering selling your home this year, I encourage you to contact me, for a free consultation to discuss your real estate goals and to determine the value and salability of your home.