Saturday, January 2, 2016

END OF YEAR 2015 REAL ESTATE STATISTICS


Sales of all North County real estate types were up 11 % in 2015 over 2014. At the end of the year there were 2% more properties in escrow then there were at the end of 2014 and there is 14% less inventory on the market then at the end of last year.
The average price of a single family home in the North county rose app. 6 % in 2015 over 2014. With the market improving each year and starting out with less inventory, we could see an increase in value in 2016 also depending on how the general overall economy does and where interest rates may go.