***Published on 1st January 2019***
December "data" from the Resort Area Market...
The final Team Donovan review of sales activity for 2018 revealed that the number of December active listings across the resort area was 1252 which represented a 19.8% fall in overall inventory compared to the 1500 home total of December 2017. During the last month of 2018 overall sales totaled 292 after the average home closed at 97.5% of its listed price having spent 102 days on the market. The corresponding month of 2017 recorded 337 sales each spending an average of 122 days on the market and achieving 97.1% of the listed price. The markets median price closed the year 5.3% higher than December 2017 at $213,500 from $202,706 one year ago. The pipeline number of homes under offer/contract stood at 405 which was 16.8% below the 473 total of one year ago. Total sales during December of 292 was 15.4% down on the 337 closings of December 2017 whilst sellers withdrew 82 homes from the market during the month having failed to attract a buyer. Total year end listings when considered against pace of sales suggests a 4.3 month availability of inventory which is down from 4.5 months last month but unchanged from the same 4.3 month level of a year ago.
Looking Back ... 2018... Key Performance Numbers At A Glance…
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