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Heavenly Valley 4th Quarter 2016 Market Update

January 12, 2017 by Natalie Scharpenberg Leave a Comment

The Heavenly Valley  neighborhood saw mostly positive notes in almost all the categories we follow.  Both the average and median home prices went up. The average increased by 10.5% while the median increased by 24.1%. The number of closed sales only decreased from 43 last year to 37 this year. The days on the market (the time between listing and close of escrow) went up while the average dollar per square foot went down 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 went down from 6.5 to 4.7 for the Heavenly Valley neighborhood.  Under 4 months indicates a seller market.  The list to sale ratio showed slight improvement as well as it was up 2.3% from the prior year.

Heavenly Valley Market Comparison 2016 2015
Number of Sales 37 43
Median Home Price $360,000 $290,000
Average Home Price $542,538 $490,765
Average List to Sale Ratio 97.1% 95.1%
Average Dollar Per Square Foot $270 $276
Days on the Market 113 94
Month Supply 4.7 6.5

Filed Under: Market Reports

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