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COUNTRY CLUB EAST
Published: March 2023*
Property Types: All Res. Proptype - All Properties - All Properties - All Property Statuses Price
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The Average For Sale Price was Neutral*
The Average For Sale Price in February was $1,257,000, down 21.3% from $1,598,000 in February of 2022 and up 3.5% from $1,214,000 last month.
The Average Sold Price was Appreciating*
The Average Sold Price in February was $1,863,000, up 67.4% from $1,113,000 in February of 2022 and up 14.4% from $1,628,000 last month.
The Median Sold Price was Appreciating*
The Median Sold Price in February was $1,895,000, up 88.7% from $1,004,000 in February of 2022 and up 43.6% from $1,320,000 last month.
* Based on 6 month trend – Appreciating/Depreciating/Neutral
It was a Neutral Market*
A comparatively lower Months of Inventory is more beneficial for sellers while a higher months of inventory is better for buyers.
*Buyer’s market: more than 6 months of inventory
Seller’s market: less than 3 months of inventory
Neutral market: 3 – 6 months of inventory
Months of Inventory based on Closed Sales
The February 2023 Months of Inventory based on Closed Sales of 5.3 was increased by 1,143.3% compared to last year and up 76.7% compared to last month. February 2023 was Neutral market.
Months of Inventory based on Pended Sales
The February 2023 Months of Inventory based on Pended Sales of 4 was increased by 1,480% compared to last year and up 257.8% compared to last month. February 2023 was Neutral market.
