The Point - Market Report for North and South Towers

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March 2016 Average Sold Price per Square Footage was Depreciating*


Average Sold Price per Square Footage in March 2016: $328

        •Down 7.9% compared to the last month

        •Up 37.2% compared to the last year


*Based on 6 month trend - Appreciating/Depreciating/Neutral

 

 

 

March 2016 was a Buyer's market*


Home For Sale in March 2016: 20 units.

      •Down 9.1% compared to the last month
      •Up 5.3% compared to the last year

Home Closed in March 2016: 1 units
.

      •Down 80% compared to the last month
      •0% compared to the last year

Home Placed under Contract in March 2016: 0 units.

      •Down 100% compared to the last month
      •Down 100% compared to the last year


*Buyer's market: more than 6 months of inventory based on closed sales
 Seller's market: less than 3 months of inventory based on closed sales
 Neutral market: 3 - 6 months of inventory based on closed sales