The Christmas Valley 1 & 2 Neighborhoods saw good news in almost all the categories we follow. The number of closed sales went up in both areas. The average and median home prices went up quite a bit as well. Christmas Valley 1 saw a median increase of 50.2% from last year and Christmas Valley 2 saw a 2.2% median increase. The average increase for Christmas Valley 1 was 36.3% while Christmas Valley 2 saw an average increase of 15.5%. The days on the market (the time between listing and close of escrow) were longer this past year but the average dollar per square foot went up slightly. It is important to note that the larger the home, the lower the dollar per square foot. During 2016 the average square foot for homes sold was higher than in 2015.
The month supply of available homes decreased from 4.0 to 2.0 for Christmas Valley 1 and 3.2 to 2.6 for Christmas Valley 2. Under 4 months indicates a seller market. The list to sale ratio showed slight improvement as well.
|Christmas Valley 1 Market Comparison||2016||2015|
|Number of Sales||18||11|
|Median Home Price||$465,500||$310,000|
|Average Home Price||$525,361||$385,582|
|Average List to Sale Ratio||98.5%||98.5%|
|Average Dollar Per Square Foot||$292||$269|
|Days on the Market||109||80|
|Christmas Valley 2 Market Comparison||2016||2015|
|Number of Sales||27||24|
|Median Home Price||$395,000||$386,500|
|Average Home Price||$498,896||$432,061|
|Average List to Sale Ratio||98.8%||97.5%|
|Average Dollar Per Square Foot||$269||$240|
|Days on the Market||81||77|