Today we’re going to take a look back at the 2013 market statistics and review the different activities we had compared to the previous year.
Let’s start with units and volume. We had 6077 single-family homes that sold in 2013…just 22 more than in 2012, but we had a 21% increase in dollar volume from $1.24 Billion in 2013 to $1.57 billion in 2013. That tells us that we not only sold higher dollar prices homes but there was a gain in the average price per home… a very positive market trend. The average price for a home increased $55,209 up to $258,246 and the median price for a home increased $48,000 up to $213,000.
Looking at these numbers percentage-wise, we see a 21% increase in the average price, a 23% increase in the median price, a 20% increase in the average price per square foot, and a 24% decrease in days on market. The days on market decreased from 138 days in 2012 down to 111 days in 2013. So prices went up and homes sold faster. That’s great news!
A couple of final things: The lowest priced home for the year was $31,000 and the highest priced home was $3,000,000 which was a Dickson Realty sale of a custom built, mountain-style home in Montrêux overlooking the 6th and 8th Fairways.
The numbers are all very encouraging and we look forward to an improving real estate market as we move into the first half of 2014.
If you’re thinking of listing your property, or buying this year, now is the time to do it! Contact an experienced Dickson agent today or visit us online at DicksonRealty.com.