The Country Club neighborhood saw mostly positive notes in almost all the categories we follow. The number of closed sales did decrease by 21.4%. The average and median home prices increased quite a bit. The average home price increase was up 27.6% from last year while the median home price was up 25.3% from last year. The days on the market (the time between listing and close of escrow) also went up a by almost 40%. It is important to note that 1 home can throw off the averages completely and that typically we do not see these kinds of increases when it comes to days on market with the current real estate conditions. The list to sale ratio also (barely) went down by 0.4%.
The month supply of available homes decreased from 6.4 to 5.0 for the Country Club neighborhood. Under 4 months indicates a seller market so this particular neighborhood is one of the few that is still considered a buyer’s market.
|Country Club Market Comparison||2017||2016|
|Number of Sales||22||28|
|Median Home Price||$483,500||$386,000|
|Average Home Price||$548,382||$429,679|
|Average List to Sale Ratio||97.1%||97.5%|
|Average Dollar Per Square Foot||$267||$254|
|Days on the Market||165||118|