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|