The Christmas Valley 1 & 2 Neighborhoods saw mostly positive notes in almost all the categories we follow. The number of closed sales increase in both areas. The average and median home prices increased quite a bit as well. Christmas Valley 1 saw a median increase of 54.7% from last year and Christmas Valley 2 saw a 14.8% median increase. The average increase for Christmas Valley 1 was 48.2%% while Christmas Valley 2 saw an average increase of 27.1%. The days on the market (the time between listing and close of escrow) decreased by 7.6% for Christmas Valley 1 while Christmas Valley 2 increased by 15.1%. The dollar per square foot actually went up for Christmas Valley 1 and went down for Christmas Valley 2. The list to sale ratio showed slight improvement for Christmas Valley 1 with a 3% increase while Christmas Valley 2 decreased 1.1%.
The month supply of available homes decreased from 3.9 to 1.9 for Christmas Valley 1 and 3.1 to 2.7 for Christmas Valley 2. Under 4 months indicates a seller market.
|Christmas Valley 1 Market Comparison||2017||2016|
|Number of Sales||19||14|
|Median Home Price||$471,000||$304,500|
|Average Home Price||$544,974||$367,779|
|Average List to Sale Ratio||98.8%||95.9%|
|Average Dollar Per Square Foot||$296||$279|
|Days on the Market||122||132|
|Christmas Valley 2 Market Comparison||2017||2016|
|Number of Sales||30||25|
|Median Home Price||$442,000||$385,000|
|Average Home Price||$494,600||$389,028|
|Average List to Sale Ratio||97.3%||98.4%|
|Average Dollar Per Square Foot||$262||$285|
|Days on the Market||122||106|