Median house statistics: 11 houses were sold in the first half of this year at a median price of $415,000. The discount from the first asking price was 3.8%, 3.1% of the final asking price. The median size was 3,400 square feet at $120.52 per square feet. It took 47 days from the day the house was listed to the day it was under contract. It took 95 days from first list to close.
There were 12 houses sold in the first half of 2016. The median sales price was $384,500 so the median sales price was up 8.4% in 2017 as compared to the first half of 2016. This was perhaps due to the fact that the median house sold last year was 3,147 Square Feet in the first half of last year and 3,400 Square Feet in 2017 so far. Average cost per square foot this year is down from $123.91 in the first half of 2016 to $120.52 so far this year. Houses sold faster so far this year as compared to the first half of 2016. The median number of days from list to contract was 72 in the first half of 2016. It took 129 days from list to close in the first half of last year.
Methodology
A vacant lot was sold this year at a price of $25,900. We didn’t include that in our statistics. The median days from list to contract and list to close does not include days houses were For Sale By Owner (FSBO) It’s common for houses to be offered for sale as a FSBO before it is listed with an agent.
If a house was listed with one agent and re-listed with another, we counted the total days on the market as one listing.
If you’d like a detailed report showing each individual house sales in the first half of 2017 and the first half of 2016, send us an email at info@thisisriverwalk.com and we’ll email it to you free.