The 2014 2nd quarter saw a significant increase in sales compared to the same period last year. The Number of Sales is up 36% and the Dollar Volume of Sold Listings is up a significant 49%. With $35 million in sales, this quarter surpassed the 1st quarter. Year to date Sales are up 30%, Dollar Volume is up 43% and the Average Price is up 10%.
The Residential sector (houses, duplexes & townhomes) continues to amaze, with the Number of Properties Sold for the quarter up 52%, while the Dollar Volume rose 55% from $15 million last year to $23 million this year. For the year, Dollar volume is up 62% The Average Sale price for this sector was down 2.2% but this is an improvement from the 1st quarter, however, where it was down about 5%.
Condominium sales for the quarter were up 21% with an equal increase in Dollar Volume. For the year to date the Number of Sales was up 12% while the Dollar Volume was up 11%, resulting in the Average Price dropping 1%.
The Number of Vacant Land sales this quarter was up 36%, bringing it even with last year for the year to date. The Dollars of Sales was up 27% for the year to date, a huge turnaround for this sector, as the average price has also risen 27%
So the market continues to strengthen, particularly in the number of sales. Unfortunately prices have not increased much. Residential has become a bigger part of the market and, since the average sales prices are higher, it would appear that prices are higher for the market in general. This would be a mistake, as averages prices for Residential (and Condominiums) have actually decreased compared to last year to date. Still, it is safe to say we are in a recovery and the sales are strong. Prices should soon follow.
A full copy of the Winter Park Real Estate Year-to-Date Report is available by emailing me at Paul@PaulLewis.net. You can always see all the MLS listings at www.WinterPark.CO. These statistics were compiled from data from the Grand County Board of Realtors and are deemed reliable but cannot be guaranteed.