QUICK FACTS Overall Change in: Average Sold Price in Residential
QUARTERLY STATISTICS (MARKET OVERVIEW)
+9.8142% ______________________ Average Sold Price in Lots & Lands +14.578% ______________________ Average Sold Price in Commercial 0% Photo courtesy of: www.johnsonteamrealestate.com
May 2015
Pearl River County Board of REALTORS速 This information displays the overview of the entire market including residential, commercial, and lots and land listings from January to March 2015 as compared to last year at the same time. In addition, it compares each individual listing type for the same period. It also includes a 5-year overview comparison.
Photo courtesy of: www.kellyskindergarten.com
1st Quarter Statistics
Information deemed reliable, but not guaranteed.
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Quarterly Statistics OVERVIEW COMPARISON (JANUARY – MARCH 2014/2015)
Pearl River County Board of REALTORS® MLS INCLUDES: All Type Listings Listings sold Average Sold Price: Average Days on Market:
2014
2015
Variance
130 $ 106,097 152
123 $106,494 158
-5.3846% +0.3741% +3.9473%
RESIDENTIAL Listings sold Average Sold Price: Average DOM:
2014
2015
Variance
102
91
-10.7843%
$ 111,196
122,109
+9.81420%
145
151
+4.13793%
COMMERCIAL Listings sold Average Sold Price: Average DOM:
1st Quarter Statistics
2014
2015
Variance
4
0
-100%
$ 287,500
0
-100%
161
0
--100%
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LOTS & LAND 2014
2015
Variance
24
32
+33.333%
$ 54,190
62,090
+14.578%
181
181
0%
Listings sold Average Sold Price: Average DOM:
Five Year Comparison Includes: All Property Listings Sold Average Sold Price: Average DOM:
(January – March 2011-2015)
2011
2012
2013
2014
2015
130
114
121
130
123
$98,211
$92,369
$124,055
$106,097
106,494
181
165
206
152
158
RESIDENTAL: It definitely appears that in our first quarter, sold inventory has decreased yet the average sold price has increased. Are we possibly going further into a Seller’s market? Well, inventory is low and, as you can see, the average sold prices are increasing . Advise your clients and/or customers this is the time to buy! COMMERCIAL: There has been no activity in sold commercial inventory when compared to last year at this time. Be aware, this does not mean that this industry is slowing down, by any means. LOTS & LAND: Not only did the sold inventory go up, the average sold price went up as well. It looks like land was the hot commodity this quarter.
The Board's mission is to partner with its members to enhance professionalism and economic prosperity for real estate in the community.
1st Quarter Statistics
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