q1 2013 market report

12
First Quarter - 2013 Market Report Executive Summary The seeds of a housing recovery sown last year have blossomed this spring in both Rhode Island and across the United States. Across the state, and in each individual county, inventory is declining while pending sales (commitments to purchase a home at a specified price and terms, typically closing within 60 to 90 days) are up compared to the same period last year. This increased demand for housing has shortened the time it takes for a property to sell. At a statewide level, and in the majority of individual counties, Rhode Island is experiencing a decline in the average days on market (DOM) for a new listing. The most dramatic declines for DOM occurred in Bristol in Newport counties, compared to Q1 2012. Additionally, the median sales price has increased statewide, with an ncrease of 7% over Q1 2012. Kent and Bristol counties experienced the most dramatic increases in median price. Kent county reported a 16% increase, while Bristol county reported a 38% increase in median sales price over the same time period last year. In the luxury market, properties priced at $2,000,000 or higher, the supply remains identical while pending sales have increased by almost 50% over last year.

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Rhode Island Real Estate market report. First Quarter 2013.

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Page 1: Q1 2013 market report

First Quarter - 2013Market Report

Executive SummaryThe seeds of a housing recovery sown last year have blossomed this spring in both Rhode Island and across the United States. Across the state, and in each individual county, inventory is declining while pending sales (commitments to purchase a home at a specified price and terms, typically closing within 60 to 90 days) are up compared to the same period last year.

This increased demand for housing has shortened the time it takes for a property to sell. At a statewide level, and in the majority of individual counties, Rhode Island is experiencing a decline in the average days on market (DOM) for a new listing. The most dramatic declines for DOM occurred in Bristol in Newport counties, compared to Q1 2012.

Additionally, the median sales price has increased statewide, with an ncrease of 7% over Q1 2012. Kent and Bristol counties experienced the most dramatic increases in median price. Kent county reported a 16% increase, while Bristol county reported a 38% increase in median sales price over the same time period last year.

In the luxury market, properties priced at $2,000,000 or higher, the supply remains identical while pending sales have increased by almost 50% over last year.

Page 2: Q1 2013 market report

Rhode Island Single-Family Homes – Q1 2012 v Q1 2013

OVERVIEW

% CHANGE Q1 2012 Q1 2013

HOMES SOLD 1,508 1,520 .07% AVERAGE SALE PRICE $241,325 $231,839 -4% MEDIAN SALE PRICE $173,000 $185,000 7%

AVERAGE DOM 110 105 -5% % SALE TO LIST PRICE 86.5% 89.1% 3%

SUPPLY/DEMAND SNAPSHOT

Q1 2012 Q1 2013

SUPPLY DEMAND RATIO* SUPPLY DEMAND RATIO*

PRICE RANGE Active Listings Pending Listings Active Listings Pending Listings $0 - $250,000 10,660 1,340 8 7,868 1,479 5

$250,000 - $500,000 6,157 544 11 4,969 564 9 $500,000 - $750,000 1,546 95 16 1,324 99 13

$750,000 - $1,000,000 656 29 23 598 38 16 $1,000,000 - $2,000,000 681 25 27 629 35 18 $2,000,000 - $5,000,000 353 5 71 376 9 42

$5,000,000 and up 96 0 N/A 73 0 N/A Market Total 20,149 2,038 10 15,837 2,224 7

*Supply Demand Ratio Key 1-7: High Demand 8-14: Balanced 15-21: Low Demand 22+: Very Low Demand

Ten Year Market History

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Average

Sale Price $333,424 $389,114 $414,966 $422,796 $434,410 $379,631 $309,118 $329,368 $326,435 $333,754

Days on Market 62 65 75 89 98 104 108 101 109 108

% Sale Price to

List Price 96 96.1 95.8 95.8 93.9 93.4 92.7 92.4 92.1 92.7

This representation is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information from Statewide Multiple Listing Service, Inc. for the period of (1/1/13) through (3/31/13).

Page 3: Q1 2013 market report

Newport County Single-Family Homes – Q1 2012 v Q1 2013

OVERVIEW

% CHANGE Q1 2012 Q1 2013

HOMES SOLD 117 112 -4% AVERAGE SALE PRICE $446,068 $384,234 -14% MEDIAN SALE PRICE $485,000 $276,250 -43%

AVERAGE DOM 204 159 -22% % SALE TO LIST PRICE 80.9% 82.9% 2%

SUPPLY/DEMAND SNAPSHOT

Q1 2012 Q1 2013

SUPPLY DEMAND RATIO* SUPPLY DEMAND RATIO*

PRICE RANGE Active Listings Pending Listings Active Listings Pending Listings $0 - $250,000 569 58 10 449 57 8

$250,000 - $500,000 772 69 11 631 74 9 $500,000 - $750,000 321 19 17 283 19 15

$750,000 - $1,000,000 173 9 19 165 8 21 $1,000,000 - $2,000,000 230 8 29 187 14 13 $2,000,000 - $5,000,000 152 1 152 186 3 62

$5,000,000 and up 53 0 N/A 40 0 N/A Market Total 2,270 164 14 1,941 175 11

*Supply Demand Ratio Key 1-7: High Demand 8-14: Balanced 15-21: Low Demand 22+: Very Low Demand

Ten Year Market History

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Average

Sale Price $444,350 $525,471 $562,745 $591,833 $662,348 $565,318 $448,523 $489,019 $508,967 $540,348

Days on Market 86 89 96 106 119 123 130 129 150 151

% Sale Price to

List Price 93.6 94.3 94.3 93.7 93.6 91.7 89.3 91.3 90.9 92.3

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$100,000$150,000$200,000$250,000$300,000$350,000$400,000$450,000$500,000

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

Median Sale Price

# Of Homes Sold

This representation is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information from Statewide Multiple Listing Service, Inc. for the period of (1/1/13) through (3/31/13).

Page 4: Q1 2013 market report

Washington County Single-Family Homes – Q1 2012 v Q1 2013

OVERVIEW

% CHANGE Q1 2012 Q1 2013

HOMES SOLD 259 238 -8% AVERAGE SALE PRICE $400,054 $356,925 -11% MEDIAN SALE PRICE $280,750 $276,000 -2%

AVERAGE DOM 133 132 -.075% % SALE TO LIST PRICE 85.9% 89% 4%

SUPPLY/DEMAND SNAPSHOT

Q1 2012 Q1 2013

SUPPLY DEMAND RATIO* SUPPLY DEMAND RATIO*

PRICE RANGE Active Listings Pending Listings Active Listings Pending Listings $0 - $250,000 1,104 117 9 811 127 6

$250,000 - $500,000 1,742 145 12 1,402 141 10 $500,000 - $750,000 441 27 16 359 23 16

$750,000 - $1,000,000 209 8 26 181 6 30 $1,000,000 - $2,000,000 260 9 29 270 8 34 $2,000,000 - $5,000,000 134 4 34 131 6 22

$5,000,000 and up 37 0 N/A 32 0 N/A Market Total 3,927 310 13 3,186 311 10

*Supply Demand Ratio Key 1-7: High Demand 8-14: Balanced 15-21: Low Demand 22+: Very Low Demand

Ten Year Market History

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Average

Sale Price

$364,420 $414,162 $459,224 $473,068 $451,686 $436,509 $351,124 $383,789 $377,122 $415,679

Days on Market 68 68 80 97 107 111 112 112 113 117

% Sale Price to

List Price 95.9 95.9 95.2 98.1 89.6 92.6 92.4 92.0 91.9 92.0

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2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

Median Sale Price

# Of Homes Sold

This representation is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information from Statewide Multiple Listing Service, Inc. for the period of (1/1/13) through (3/31/13).

Page 5: Q1 2013 market report

Providence County Single-Family Homes – Q1 2012 v Q1 2013

OVERVIEW

% CHANGE Q1 2012 Q1 2013

HOMES SOLD 708 745 5% AVERAGE SALE PRICE $168,837 $180,397 7% MEDIAN SALE PRICE $148,250 $153,000 3%

AVERAGE DOM 91 94 3% % SALE TO LIST PRICE 87.8% 89.8% 2%

SUPPLY/DEMAND SNAPSHOT

Q1 2012 Q1 2013

SUPPLY DEMAND RATIO* SUPPLY DEMAND RATIO*

PRICE RANGE Active Listings Pending Listings Active Listings Pending Listings $0 - $250,000 5,752 736 8 4,351 845 5

$250,000 - $500,000 1,768 151 12 1,399 157 9 $500,000 - $750,000 348 19 18 301 19 16

$750,000 - $1,000,000 110 5 22 101 14 7 $1,000,000 - $2,000,000 69 3 23 45 5 9 $2,000,000 - $5,000,000 9 0 N/A 12 0 N/A

$5,000,000 and up 3 0 N/A 3 0 N/A Market Report 8,059 914 9 6,212 1,040 6

*Supply Demand Ratio Key 1-7: High Demand 8-14: Balanced 15-21: Low Demand 22+: Very Low Demand

Ten Year Market History

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Average

Sale Price $233,254 $276,027 $295,505 $296,675 $283,043 $237,389 $182,516 $210,629 $194,388 $192,094

Days on Market 47 50 59 74 81 89 90 80 91 92

% Sale Price to

List Price 97.5 97.2 97.1 96.5 95.6 94.6 94.3 94.7 94.5 94.4

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$0

$50,000

$100,000

$150,000

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$250,000

$300,000

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

Median Sale Price

# Of Homes Sold

This representation is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information from Statewide Multiple Listing Service, Inc. for the period of (1/1/13) through (3/31/13).

Page 6: Q1 2013 market report

Bristol County Single-Family Homes – Q1 2012 v Q1 2013

OVERVIEW

% CHANGE Q1 2012 Q1 2013

HOMES SOLD 64 69 8% AVERAGE SALE PRICE $331,895 $364,259 10% MEDIAN SALE PRICE $235,000 $325,000 38%

AVERAGE DOM 129 105 -19% % SALE TO LIST PRICE 88.1% 89.4% 1%

SUPPLY/DEMAND SNAPSHOT

Q1 2012 Q1 2013

SUPPLY DEMAND RATIO* SUPPLY DEMAND RATIO*

PRICE RANGE Active Listings Pending Listings Active Listings Pending Listings $0 - $250,000 554 81 7 315 52 6

$250,000 - $500,000 870 96 9 706 91 8 $500,000 - $750,000 239 11 22 188 15 13

$750,000 - $1,000,000 83 6 14 72 3 24 $1,000,000 - $2,000,000 74 4 19 85 4 21 $2,000,000 - $5,000,000 35 0 N/A 31 0 N/A

$5,000,000 and up 3 0 N/A 0 0 N/A Market Total 1,858 198 9 1,397 165 8

*Supply Demand Ratio Key 1-7: High Demand 8-14: Balanced 15-21: Low Demand 22+: Very Low Demand

Ten Year Market History

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Average

Sale Price $384,574 $445,163 $465,290 $452,418 $486,501 $418,182 $362,096 $350,232 $352,537 $325,240

Days on Market 63 70 88 96 106 110 121 105 108 104

% Sale Price to

List Price 95.4 95.5 95 94.7 94.6 93.7 92.7 89.3 88.8 89.8

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2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

Median Sale Price

# Of Homes Sold

This representation is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information from Statewide Multiple Listing Service, Inc. for the period of (1/1/13) through (3/31/13).

Page 7: Q1 2013 market report

Kent County Single-Family Homes – Q1 2012 v Q1 2013

OVERVIEW

% CHANGE Q1 2012 Q1 2013

HOMES SOLD 360 356 -1% AVERAGE SALE PRICE $181,663 $211,924 17% MEDIAN SALE PRICE $150,500 $175,000 16%

AVERAGE DOM 92 99 8% % SALE TO LIST PRICE 88.7% 91.1% 3%

SUPPLY/DEMAND SNAPSHOT

Q1 2012 Q1 2013

SUPPLY DEMAND RATIO* SUPPLY DEMAND RATIO*

PRICE RANGE Active Listings Pending Listings Active Listings Pending Listings $0 - $250,000 2,591 342 8 1,799 381 5

$250,000 - $500,000 882 72 12 706 91 8 $500,000 - $750,000 153 15 10 178 20 9

$750,000 - $1,000,000 70 0 N/A 72 7 10 $1,000,000 - $2,000,000 40 1 40 39 3 13 $2,000,000 - $5,000,000 7 0 N/A 13 0 N/A

$5,000,000 and up 0 0 N/A 0 0 N/A Market Total 3,743 430 9 2,807 502 6

*Supply Demand Ratio Key 1-7: High Demand 8-14: Balanced 15-21: Low Demand 22+: Very Low Demand

Ten Year Market History

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Average

Sale Price

$240,522 $284,748 $292,064 $299,988 $288,473 $240,757 $201,329 $213,170 $199,162 $195,407

Days on Market 46 49 54 70 76 85 85 77 85 78

% Sale Price to

List Price 97.6 97.6 97.6 96.3 96.2 94.8 95.0 94.9 94.4 95.2

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$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

Median Sale Price

# Of Homes Sold

This representation is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information from Statewide Multiple Listing Service, Inc. for the period of (1/1/13) through (3/31/13).

Page 8: Q1 2013 market report

Newport Single-Family Homes – Q1 2012 v Q1 2013

OVERVIEW

% CHANGE Q1 2012 Q1 2013

HOMES SOLD 32 19 -41% AVERAGE SALE PRICE $479,484 $282,500 -41% MEDIAN SALE PRICE $355,000 $500,000 41%

AVERAGE DOM 192 129 -33% % SALE TO LIST PRICE 80.9% 86.2% 7%

SUPPLY/DEMAND SNAPSHOT

Q1 2012 Q1 2013

SUPPLY DEMAND RATIO* SUPPLY DEMAND RATIO*

PRICE RANGE Active Listings Pending Listings Active Listings Pending Listings $0 - $250,000 47 11 4 56 8 7

$250,000 - $500,000 164 17 10 105 23 5 $500,000 - $750,000 59 7 8 62 5 12

$750,000 - $1,000,000 35 3 12 33 1 33 $1,000,000 - $2,000,000 57 4 14 51 6 9 $2,000,000 - $5,000,000 53 0 N/A 30 0 N/A

$5,000,000 and up 18 0 N/A 17 0 N/A Market Total 433 42 10 354 43 8

*Supply Demand Ratio Key 1-7: High Demand 8-14: Balanced 15-21: Low Demand 22+: Very Low Demand

Ten Year Market History

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Average

Sale Price $487,683 $702,122 $716,878 $703,720 $724090 $648,709 $566,218 $658,372 $570,117 $835,059

Days on Market 96 105 101 123 113 143 143 133 160 162

% Sale Price to

List Price 92.4 93.0 92.6 93.8 92.9 90.2 84.7 88.9 91.0 94.5

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$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

Median Sale Price

# Of Homes Sold

This representation is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information from Statewide Multiple Listing Service, Inc. for the period of (1/1/13) through (3/31/13).

Page 9: Q1 2013 market report

Narragansett Single-Family Homes – Q1 2012 v Q1 2013

OVERVIEW

% CHANGE Q1 2012 Q1 2013

HOMES SOLD 43 37 -14% AVERAGE SALE PRICE $417,923 $434,597 4% MEDIAN SALE PRICE $355,000 $350,000 1%

AVERAGE DOM 130 142 9% % SALE TO LIST PRICE 87.3.% 86.8% -.6%

SUPPLY/DEMAND SNAPSHOT

Q1 2012 Q1 2013

SUPPLY DEMAND RATIO* SUPPLY DEMAND RATIO*

PRICE RANGE Active Listings Pending Listings Active Listings Pending Listings $0 - $250,000 53 8 7 39 9 4

$250,000 - $500,000 274 32 9 191 22 9 $500,000 - $750,000 120 9 13 56 8 7

$750,000 - $1,000,000 34 2 17 27 0 N/A $1,000,000 - $2,000,000 58 2 29 41 3 14 $2,000,000 - $5,000,000 50 0 N/A 37 3 12

$5,000,000 and up 6 0 N/A 4 0 N/A Market Total 595 53 11 395 45 9

*Supply Demand Ratio Key 1-7: High Demand 8-14: Balanced 15-21: Low Demand 22+: Very Low Demand

Ten Year Market History

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Average

Sale Price $450,507 $504,075 $578,643 $574,506 $491,788 $533,271 $391,910 $533,508 $477,349 $529,761

Days on Market 82 71 79 114 123 125 124 135 139 141

% Sale Price to

List Price 93.5 95.4 95.4 92.2 93.1 91.3 92.3 92.2 91.0 88.2

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$450,000

$500,000

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

Median Sale Price

# Of Homes Sold

This representation is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information from Statewide Multiple Listing Service, Inc. for the period of (1/1/13) through (3/31/13).

Page 10: Q1 2013 market report

East Side of Providence Single-Family Homes – Q1 2012 v Q1 2013

OVERVIEW

% CHANGE Q1 2012 Q1 2013

HOMES SOLD 19 22 16% AVERAGE SALE PRICE $456,403 $527,841 16% MEDIAN SALE PRICE $312,000 $430,000 38%

AVERAGE DOM 132 84 -36% % SALE TO LIST PRICE 85.4% 88.1% 3%

SUPPLY/DEMAND SNAPSHOT

Q1 2012 Q1 2013

SUPPLY DEMAND RATIO* SUPPLY DEMAND RATIO*

PRICE RANGE Active Listings Pending Listings Active Listings Pending Listings $0 - $250,000 48 8 6 30 4 8

$250,000 - $500,000 92 18 5 81 14 6 $500,000 - $750,000 76 11 7 62 12 5

$750,000 - $1,000,000 40 4 10 35 12 3 $1,000,000 - $2,000,000 35 3 12 24 3 8 $2,000,000 - $5,000,000 9 0 N/A 3 0 N/A

$5,000,000 and up 3 0 N/A 1 0 N/A Market Total 303 44 7 236 45 5

*Supply Demand Ratio Key 1-7: High Demand 8-14: Balanced 15-21: Low Demand 22+: Very Low Demand

Ten Year Market History

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Average

Sale Price $453,980 $540,210 $578,834 $600,197 $575,976 $592,702 $506,981 $507,147 $480,436 $521,866

Days on Market 63 57 64 70 67 83 82 79 85 102

% Sale Price to

List Price 95.9 94.4 95.6 95.3 94.5 95.5 93.5 94.5 94.1 93.4

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2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

Median Sale Price

# Of Homes Sold

This representation is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information from Statewide Multiple Listing Service, Inc. for the period of (1/1/13) through (3/31/13).

Page 11: Q1 2013 market report

Jamestown Single-Family Homes – Q1 2012 v Q1 2013

OVERVIEW

% CHANGE Q1 2012 Q1 2013

HOMES SOLD 12 8 -33% AVERAGE SALE PRICE $549,325 $542,826 -1% MEDIAN SALE PRICE $430,000 $499,500 16%

AVERAGE DOM 216 111 -49% % SALE TO LIST PRICE 79.2% 90.1% 14%

SUPPLY/DEMAND SNAPSHOT

Q1 2012 Q1 2013

SUPPLY DEMAND RATIO* SUPPLY DEMAND RATIO*

PRICE RANGE Active Listings Pending Listings Active Listings Pending Listings $0 - $250,000 7 1 7 0 0 N/A

$250,000 - $500,000 55 7 8 67 8 8 $500,000 - $750,000 41 4 10 29 5 6

$750,000 - $1,000,000 34 3 11 35 2 18 $1,000,000 - $2,000,000 34 2 17 20 3 7 $2,000,000 - $5,000,000 41 0 N/A 51 1 51

$5,000,000 and up 12 0 N/A 12 0 N/A Market Total 224 17 13 214 19 11

*Supply Demand Ratio Key 1-7: High Demand 8-14: Balanced 15-21: Low Demand 22+: Very Low Demand

Ten Year Market History

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Average

Sale Price $547,260 $600,400 $844,450 $820,028 $1,051,125 $1,114,325 $863,452 $751,075 $733,908 $669,222

Days on Market 74 110 109 126 140 125 159 148 196 197

% Sale Price to

List Price 93.4 94.0 94.0 92.9 92.8 94.2 91.9 92.0 91.3 91.8

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2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

Median Sale Price

# Of Homes Sold

This representation is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information from Statewide Multiple Listing Service, Inc. for the period of (1/1/13) through (3/31/13).

Page 12: Q1 2013 market report

Westerly Single-Family Homes – Q1 2012 v Q1 2013

OVERVIEW

% CHANGE Q1 2012 Q1 2013

HOMES SOLD 40 37 -8% AVERAGE SALE PRICE $642,212 $296,236 -53% MEDIAN SALE PRICE $282,500 $212,500 -25%

AVERAGE DOM 123 126 2% % SALE TO LIST PRICE 83.3% 86.4% 4%

SUPPLY/DEMAND SNAPSHOT

Q1 2012 Q1 2013

SUPPLY DEMAND RATIO* SUPPLY DEMAND RATIO*

PRICE RANGE Active Listings Pending Listings Active Listings Pending Listings $0 - $250,000 195 14 14 118 20 6

$250,000 - $500,000 337 22 15 287 19 15 $500,000 - $750,000 56 1 56 80 3 27

$750,000 - $1,000,000 61 0 N/A 41 0 N/A $1,000,000 - $2,000,000 64 3 21 77 2 39 $2,000,000 - $5,000,000 42 2 21 42 3 14

$5,000,000 and up 18 0 N/A 21 0 N/A Market Total 773 42 18 666 47 14

*Supply Demand Ratio Key 1-7: High Demand 8-14: Balanced 15-21: Low Demand 22+: Very Low Demand

Ten Year Market History

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Average

Sale Price $361,890 $422,991 $480,102 $580,597 $543,149 $511,132 $422,925 $391,002 $468,075 $584,259

Days on Market 61 69 93 109 124 128 134 124 120 147

% Sale Price to

List Price 94.7 93.7 93.1 92.3 91.4 91.9 89.1 88.7 88.8 91.4

0

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$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012

Median Sale Price

# Of Homes Sold

This representation is based in whole or in part on data supplied by the State-Wide Multiple Listing Service. The MLS does not guarantee and is not in any way responsible for its accuracy. Data maintained by the MLS may not reflect all real estate activity in the market. Based on information from Statewide Multiple Listing Service, Inc. for the period of (1/1/13) through (3/31/13).