The Heavenly Valley neighborhood saw some negative notes this quarter. Both the average and median home prices went down. The average decreased by 3.2% while the median decreased by 4.5%. The number of closed sales, however, did go up by 36.7%. New listings did get a boost with a 22.7% increase. Homes for sale went down by 12.5% while pending sales stayed the same. The percentage of list price got a minimal boost while the days on market went down 23% for both the median and the average. The month supply is down 4.3% to a 4.5 supply. A balanced market needs 6 months and anything under 4 is a seller’s market. So this particular neighborhood looks like it is right on the borderline.
|Heavenly Valley Market Comparison||2017||2016|
|Number of Sales||41||30|
|Median Home Price||$375,000||$392,500|
|Average Home Price||$496,508||$512,947|
|Average List to Sale Ratio||98%||95.6%|
|Average Dollar Per Square Foot||$288||$258|
|Median Days on the Market||89||116|