Sales that close in January are hatched from deals that were made in Nov/Dec – and because people are having fun during the holidays, rather than buying homes, fewer deals are made.
So January sales numbers are usually low. And this January is about par for the course – at least for the course as it’s been during these post boom years. ( for single family homes only –
# sold/month & the median sale price for that month))
January 2012
36 sold
median sale price - $354,925
January 2011
35 sold
median sale price - $375,500
January 2010
39 sold
median sale price - $400,000
January 2009
24 sold
median sale price - $410,500
January 2008
34 sold
median sale price - $510,000
January 2007
42 sold
median sale price -$520,000
January 2006
54 sold
median sale price - $594,500
January 2005
84 sold
median sale price - $457,750
January 2004
47 sold
median sale price - $380,000
January 2003
56 sold
median sale price - $315,409
Also - Judging market prices based on one months sales is not terribly accurate or dependable way to go about it – there just aren’t enough sales in any one month to be representative of the market. But if you’re going to do it anyway, as I have here, median prices– rather than average prices (which are quickly skewed by one or two large sales) offer a more dependable view.
see thefoothillsToday.com
to find your Foothills home
