For our local market, 2017 was indeed a great year. With a total of 435 residential sales which includes single family homes, condominiums, and townhomes (PUD’s), we saw a 5% increase in sales compared to 2016. Plus, the median sales price increased in all categories. Median sales price for houses and PUD’s increased by 5.8% and condos increased by 6.9%.

Our biggest challenge in 2017, which continues into this year, was the shortage of properties for sale, especially in certain segments. We had a lot of buyers willing to purchase a home but were unable to locate the right property. As we enter the new year, we are anticipating the market will continue to improve with strong buyer demand and low inventory.

 Single Family Homes/Townhomes End Year Market Report

2017 Statistics

2016 Statistics

  • 225 Single Family Homes/PUD’s Sales
  • 217 Single Family Homes/PUD’s Sales
  • Average Days on Market 176
  • Average Days on Market 203
  • Average List to Sold Ratio 96%
  • Average List to Sold Ratio 96%
  • Average Sold Price $1,637,461
  • Average Sold Price $1,341,790
  • Median Sold Price $1,069,000
  • Median Sold Price $1,010,000
  • 66 Sales Below $800,000
  • 69 Sales Below $800,000
  • 20 Sales over $3 Mill
  • 11 Sales over $3 Mill
  • High Sale Price: $31,100,000
  • High Sale Price: $25,250,000
  • Low Sale Price: $455,000 (Single Family)

$316,000 (Townhome)

  • Low Sale Price: $395,000 (Single Family)

$290,000 (Townhome)

 

Condominiums End Year Market Report

2017 Statistics

2016 Statistics

  • 210 Condominium Sales
  • 195 Condominium Sales
  • Average Days on Market 124
  • Average Days on Market 149
  • Average List to Sold Ratio 98%
  • Average List to Sold Ratio 97%
  • Average Sold Price $567,054
  • Average Sold Price $521,962
  • Median Sold Price $452,500
  • Median Sold Price $423,000
  • 124 Sales Below $500,000
  • 131 Sales Below $500,000
  • 16 Sales over $1 Mill
  • 13 Sales over $1 Mill
  • High Sale Price: $3,900,000
  • High Sale Price: $3,900,000
  • Low Sale Price: $150,000
  • Low Sale Price: $ 145,000