High demand and limited supply has resulted in an average sale price of $792,000 so far this year, an increase of almost 6% from the average of $748,000 during the same period last year.
Just 5 homes have sold so far this year, that is due entirely to a lack of supply. Homes that have been listed have seen strong demand resulting homes selling well above their list price.
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Laurelwood |
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Monthly Market Update |
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February |
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2020 |
2019 |
2018 |
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Homes Sold |
2 |
4 |
2 |
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Average List Price |
$750,000 |
$848,000 |
$492,000 |
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Average Selling Price |
$811,000 |
$841,000 |
$493,000 |
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% of List |
108.1% |
99.2% |
100.2% |
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Days on Market |
9 |
40 |
12 |
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Year to Date (Jan 1 - February 29) |
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2020 |
2019 |
2018 |
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Homes Sold |
5 |
8 |
4 |
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Average List Price |
$740,000 |
$749,000 |
$550,000 |
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Average Selling Price |
$792,000 |
$748,000 |
$544,000 |
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% of List |
107.0% |
99.9% |
98.9% |
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Days on Market |
11 |
34 |
34 |
Demand is quite high and there are very few homes available for sale at the moment. Spring is typically the best time to sell so if you are considering it please let me know.