12.8%
The month of December showed a strong finish to the year
with sales up almost 24% over the same time last year with 312
properties changing hands. With only 346 new listings that were added to the
inventory, pretty much the same as last December, resulting in 2,657 listings to start the
new year off with, down considerably from 3,210 at the end of 2013.
Overall, 2014 saw an increase of 21.31% of units sold,
volume was up a staggering 31.59% yet listing inventory is down over 17%. What that
translates to is an increased price for residential properties on average of 7%, and the median
increase of 6%; both pretty similar.
The average sales price of a single family home for 2014
is $498,563, a townhouse is $361,453 and condos $243,443.
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