What happened in December?
What Sold
December was a slow month for real estate sales, recording only 34 transactions, the third slowest month in 2019. While not typically a busy selling month (December 2018 recorded 32 sales), the dollar value of December sales remained strong, with an average sale price just under $2 million. December saw 3 sales over $5 million including a 6,400 square foot contemporary home in the Snake River Sporting Club, and two 35 acre tracts in Bar BC Ranch. However it wasn't just the high-end segment of the market that was busy at the end of the year, prices were up across the board as the median sale price jumped up to $1.4 million after holding steady at $1.1 million for the previous 3 months. The sale price to list price ratio remained at 95%, with only 4 properties selling at or above their listing price, perhaps an indication of sellers motivation at year-end. Fifty percent of December sales were for single-family homes and 50% of all monthly sales occurred in the $1-3 million range, highs for both those metrics.
Real Estate Transactions

$66,348,239
Total Sales Volume

167
Average Days on Market

$1,400,000
MEDIAN SALES PRICE

35%
Townhome/Condo Sales

65%
of property sales over $1M

2
TRANSACTION UNDER $500,000

Thinking of Selling?
As new inventory entering the market goes down, Buyers options are dwindling. If you are thinking about selling, now may be a good time to capture interested buyers attention. Contact me to chat about your property's value in today's market.
New Listings
New Listings

$117,512,000
New Listing Volume

3
Vacant Lot Listings

$3,917,067
Average List Price

$1,972,500
MEDIAN LIST PRICE

2
listings under $500,000 Price Point

9
Listings over $3M
