The Black Bart Neighborhood showed signs of slowing down in just a few of the categories we follow. The number of closed sales (slightly) decreased while the days on the market increased by 48.7%. This is due to lack of inventory available for purchase. The percentage of list price stayed roughly the same with a slight decrease of 1.6%. On the plus side, both the average and median sales price did go down. The average went up by 3.8% while the median went up by 10.8%. The dollar per square foot actually went down.
The month supply of available homes increased from 1.0 to 1.3 making this neighborhood a sellers market. Under 4 months indicates a seller market.
| Black Bart Market Comparison | 2017 | 2016 |
|---|---|---|
| Number of Sales | 7 | 8 |
| Median Home Price | $365,000 | $329,500 |
| Average Home Price | $351,929 | $339,200 |
| Average List to Sale Ratio | 96.1% | 97.7% |
| Average Dollar Per Square Foot | $231 | $234 |
| Days on the Market | 116 | 78 |
| Month Supply | 1.3 | 1.0 |
The post Black Bart 1st Quarter Market Report 2017 appeared first on Lake Tahoe Real Estate | South Lake Tahoe Real Estate Experts - Don & Theresa Souers.