The third quarter of 2012 saw a bit of a slow down in the Highlands real estate market; however, buyers continued to buy property and pay close to list price. Sunnyside experienced a steady number of sales from 2nd quarter to third quarter 2012, while Highland, West Highland and Berkeley saw a bit of a decrease in the number of sales. This decrease in the number of sales is expected as this as the busy summer season winds down at the end of August and into September. The number of sales of new construction properties in HIghland saw a significant dip in the third quarter; however, there are 20 new construction properties under contract showing that this segment of the Highland market remains in high demand. The average sales price for new construction has also increased from 2nd quarter to 3rd quarter by 8%.
All across the Highlands' neighborhoods the theme remains the same........seller's market! with all 4 neighborhoods with less than 2.5 months of inventory (MOI), sellers are seeing offers very close to list price and in some cases they are seeing multiple offers within a very short time period!!
HIGHLAND
Single Family
# of Sales 28
Median Sales Price $349,500
Avg Sales Price $384,242
Avg PSF $226
Avg DOM 53
Avg List to Sold Price 97%
New Construction
# of Sales 6
Median Sales Price $564,000
Avg Sales Price $609,900
Avg PSF $253
Avg DOM 253
Avg List to Sold Price 96.2%
Condos
# of Sales 22
Median Sales Price $285,000
Avg Sales Price $302,450
Avg PSF $269
Avg DOM 126
Avg List to Sold Price 96.2%
WEST HIGHLAND
Single Family
# of Sales 55
Median Sales Price $335,000
Avg Sales Price $350,000
Avg PSF $2
Avg DOM 63
Avg List to Sold Price 92.7%
New Construction
# of Sales 6
Median Sales Price $512,550
Avg Sales Price $525,850
Avg PSF $207
Avg DOM 40
Avg List to Sold Price 97.2%
Condos
# of Sales 7
Median Sales Price $295,000
Avg Sales Price $265,750
Avg PSF $230
Avg DOM 22
Avg List to Sold Price 98.5%
BERKELY
Single Family
# of Sales 49
Median Sales Price $287,000
Avg Sales Price $294,510
Avg PSF $223
Avg DOM 36.5
Avg List to Sold Price 98.1%
New Construction
# of Sales 5
Median Sales Price $420,000
Avg Sales Price $433,20
AvgPSF $22
Avg DOM 45
Avg List to Sold Price 95.2%
Condos
# of Sales 2
Median Sales Price $330,000
Avg Sales Price $330,000
Avg PSF $230
Avg DOM 23
Avg List to Sold Price 98.5%
SUNNYSIDE
Single Family
# of Sales 54
Median Sales Price $241,750
Avg Sales Price $258,200
Avg PSF $186
Avg DOM 50
Avg List to Sold Price 97%
New Construction
# of Sales 1
Median Sales Price $505,000
Avg Sales Price $505,000
Avg PSF $259
Avg DOM 27
Avg List to Sold Price 101%
Condos
# of Sales 1
Median Sales Price $65,000
Avg Sales Price $65,000
Avg PSF $128
Avg DOM 191
Avg List to Sold Price 86.6%
