Another solid month for home sales - 80 homes sold in August – the most homes sold in August since August 2005.
Thru August 634 single family homes sold this year – a 6.5% bump over last years 595 sold.
Average sold prices were higher this August than in any of the last 20 months – due largely to 9 homes (nine) selling at $1,000,000+, in August - that’s huge for any month, for August it’s xtra-huge. 3 sold in August 2015, 4 sold in Aug 2014 and 9 sold in Aug 2006 - the peak year for $1.0m+ sales.
On the other hand median sold prices went nowhere.
Thru August average/median sold prices are $493,863/$400,000
Thru August 2015 they were $484,291/$418,000 – so even with the big $$$$ bump in August average prices are up barely 2% while median are down 4.5%.
Nothing to brag about there.
Meanwhile, the number of homes for sale is at a new low – 373 single family homes for sale, including just 69 for sale at $1,000,000+, the lowest it’s been in years.
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