The stats reflecting activity during the third quarter of 2017 are in and what is revealed is positive news on almost every front.
The average selling price for residential properties rose by nearly 8%, the median selling price increased by 5%, and the number of units sold increased by nearly 10% when compared to the third quarter of 2016.
Robust rates of activity occurred in the $500,000 to $750,000 price bands, the $750,000 to $1M price bands, the $1M to $2M price bands, as well as the $2M+ price bands. In fact, the $2M price band has more than doubled over one year ago.
Overall days on market decreased to 118 days, down from 143 days in the third quarter of 2016, a 17% decline.
Compliments of Adrienne DeGuere & Vanessa Rios y Valles
Adrienne DeGuere & Vanessa Rios y Valles