December 2019 Sales Data
Active Median (As of 1/1/2020) $ 3,099,000 175 Listings
Days on Market (DOM) Median 148 Days
$ per Square Foot Median $ 1,176
Pending Median (As of 1/1/2020) $ 2,195,000 33 Listings
DOM Median 113 Days
$ per Square Foot Median $ 1,059
Sold Median December 2019 $ 1,770,000 32 Sales
Price Reduction Median $ 309,000 10 %
DOM Median 98 Days
$ Per Square Foot Median $ 976
Sold 3 Month Median (10/1/2019 – 12/31/2019) $ 1,700,000 96 Sales
$ Per Square Foot Median $ 1,052
Sold 6 Month Median (7/1/2019 – 12/31/2019) $ 1,850,000 200 Sales
Sold 12 Month Median (1/1/2019 – 12/31/2019) $ 1,895,000 383 Sales
Price Reduction Median $ 210,000 9.8 %
DOM Median 82 Days
$ Per Square Foot Median $ 1,011
Sold 2018 Median $ 1,835,000 354 Sales
Sold 2019 Median $ 1,895,000 383 Sales
Supply | 3 Month Adjusted Supply 5.4 Months 5.4 Months
The Spread (Active - Sold) Median + $ 1,329,000
The Short-Term Pending Indicator (Pending - Sold) Median + $ 425,000
Market Segment Analysis
MARKET SEGMENT ACTIVE SOLD SUPPLY TYPE OF MARKET
(As of 1/1/2020) (last 3 Months) (Adj 3 Months)
$1,499,999- 13% 42% 1.7 Months Extreme Seller’s Market
$1,500,000 - $1,999,999 11% 17% 3.5 Months Seller’s Market
$2,000,000 - $2,999,999 26% 12% 11 Months Neutral Market
$3,000,000 - $4,999,999 21% 17% 6.5 Months Neutral Market
$5,000,000 - $9,999,999 17% 6% 15 Months Buyer’s Market
$10,000,000+ 11% 3% 20 Months Buyer’s Market
Current Price Projections
Short-Term Pending Indicator (As of 1/1/2020) Projection for Short Term Up
Long-Term Price Indicator (As of 1/1/2020) Projection for 2020 Up