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|