Entries by Bomber Bryan

Condo & Townhome Mid-Year 2017

Condo/townhome sales experienced a slight increase, with 105 sales so far in 2017 (up 3%).  Even though the average sale price increased 7%, the median sale price dipped, down 5% ($570,000) when compared to 2016.  The decrease in the median sale price is a direct result of the increase in the number of sales under $300,000 (up 120%). […]

Single Family Mid-Year 2017

Demand for single-family homes continues to grow; yet sales are down 10% so far in 2017. Following suit, the median sale price decreased 10%. The decrease in sales reflects the lack of homes listed for under $1 million; as of July 1, only 28 homes were listed for sale under $1 million valley-wide (down 18%). […]

Vacant Land Q1 2017

Single-family vacant land sales have reversed course with 23 sales in Q1 2017 (up 64%). Meanwhile, average and median sale prices were down 37% and 15% respectively when compared to Q1 2016. The decrease in average and median sale prices can be directly attributed to the increase in the number of vacant land sales under […]

Condo & Townhome Q1 2017

Condo/Townhome sales have decreased for the second year in a row, with only 31 sales in Q1 2017 (down 21%). The average and median sale prices showed strong increases, up 38% and 18% respectively, when compared to Q1 2016. The decrease in the number of sales can be directly attributed to the lack of affordable […]

Single Family Q1 2017

Single-family home sales, up 24%, reflected a healthy increase. In contrast, the average and median sale prices decreased in the first quarter of the year—35% and 15% respectively. The decrease in the average and median sale prices is the direct result of an increase in sales under $1 million (64%), and a decrease in the […]

Vacant Land Year-End 2016

When compared to 2015, the number of ​lot sales and dollar volume dropped 43% and 42% respectively in 2016. ​In contrast, the average and the median sales price tipped up 2%. ​As this segment of the market continues to struggle, expect little appreciation in 2017 valley-wide. The decrease in vacant land sales reflects the current […]

Condo & Townhome Year-End 2016

When compared to 2015, the ​number of sales dipped 8​%, and the dollar volume dropped 15%. Bucking the trend, the ​median sale price rose 11%. ​Why? Supply and demand! This segment was the first segment to rebound after the recession, especially under $500,000. Consider 2013: 137 condo/townhomes sold for under $500,000 versus 77 in 2016. […]

Single Family Year-End 2016

When compared to 2015, the ​number of sales rose 13​% and the dollar volume remained relatively unchanged, totaling $505 million. In contrast, the average and median sale prices both dipped, 9% and 10% respectively. The drop in prices is the result of a 10% decrease in sales over $5 million and the 14% increase in […]

Mid-Year Hole Report for 2010

The mid-year Hole Report is out and available. I’ll be emailing it to my newsletter list by tomorrow. Please sign-up online or email me and I’ll add your email address to the confidential list of recipients. Here are a few quick facts from the most recent Hole Report: Single-family homes sales are up 79% from 2009. […]