Highland saw a steady forth quarter of sales. As interest rates remained low, buyers continued to keep this "hot" neighborhood top on their list. Unfortunately, inventory has been and remains low, especially in the price range of $350K and below. Condos in the area and in this price range are hard to come by. With 3 months and less of inventory on the market (MOI), we are in a strong sellers market. And we all know from Economics 101........high demand and low supply equates to increases in price (value). If a property is in good condition, has a good floor plan and is priced well.......it will sell and will sell for , or close to, asking price.
Single Family
# of Sales 30
Median Sales Price $305,000
Average Sales Price $315,000
Average PSF $223
Average DOM 85
Average List to Sold Price 92.5%
MOI 2.25
New Construction
# of Sales 7
Median Sales Price $520,000
Average Sales Price $474,650
Average PSF $256.50
Average DOM 62
Average List to Sold Price 97.9%
MOI 3
Condos
# of Sales 10
Median Sales Price $238,950
Average Sales Price $250,850
Average PSF $238
Average DOM 78
Average List to Sold Price 98.2%
MOI 2
