It’s about time to share the data with you and where 2008 ended up. Let’s compare 2007 with 2008 and see where we are headed for 2009.
Last year there were a total of 173 properties sold, 84 Single Family Residences (decrease of -39% from 2007), 25 PUDs (decrease of -46%) and 64 Condominiums (decrease of -34%). Total Volume is down by at least 50% with $116,177,049 in Single Family Residences (decrease of-54%), $25,140,828 in PUD sales (decrease of -43%) and Condos at $38,213,900 (decrease of -49%).
Now depending on if you like looking at Median numbers vs. Average price when determining where the market is and where it is headed, 2008 rolled in at Median Price of $1,115,360 for Single Family Residences (down -6% from 2007), $1,070,000 for PUDs (actually up 12% from 2007) and Condos weighing in at $521,500 for Median Price (down -11% from 2007).
Average Prices rang in at $1,383,060 for Single Family Residences (down -25% from 2007), PUDs at $1,005,633 (an increase of 6%) and Condos at $597,092 (down -22% from 2007).
Average DOM (Days on Market) went down -3% for Single Family Residences with an average of 178 days, PUDs were on the market longer this year than 2007 by 29% at 239 days and Condos were down -22% with an average of 158 days on the market.
To view all the pretty graphs and delve deeper into the numb3rs, click here.
|Single Family Residences|
|2008 Unit Sales|
|2008 Total Unit Sales||84|
|2008 Total Volume||$116,177,049|
|2008 Average DOM||178|
|2008 Median Price||$1,115,360|
|2008 Average Price||$1,383,060|
|Total Unit Sales||25|
|Total Unit Sales||64|
All information is collected from the Incline Village Board of Realtors MLXChange service, is deemed reliable, but not guaranteed.