December 2014 is a Buyer's market!
The number of for sale listings was down 21.8% from one year earlier and down 4.4% from the previous month. The number of sold listings decreased 36.4% year over year and decreased 56.2% month over month. The number of under contract listings was down 9.1% compared to the previous month and up 25% compared to the previous year.
The Months of Inventory based on Closed Sales is 6.1, up 22% from the previous year.
The Median Sold Price decreased by 11% from last month.
The Average Sold Price also decreased by 14.2% from last month.
Based on the 6 month trend, the Average Sold Price trend is "Depreciating" and the Median Sold Price trend is "Neutral".
I the table below home prices are given in 1,000's of US dollars
Below is a 15 month graph of Average Active and Sold Home prices for Sudden Valley.
This next graph is a 15 month graph of Average price per square foot in Sudden Valley