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May 13, 2011

Northern Prestige Neighborhoods: Market Trends

May 13, 2011

Northern Prestige Neighborhoods: Market Trends

Homes for Sale
The number of home listings for sale has steadily climbed since the first of the year, but in April was still about 7% below that of April 2010.
Paragon Real Estate Group
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Average Dollar per Square Foot
At $758 per square foot for homes sold, the figure in April was a bit over the average for the past 13 months ($737/sq.ft.).
Paragon Real Estate Group
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Percent of Home Listings Accepting Offers
Market activity in these neighborhoods has increased significantly this year and is well above that of 2010.
Paragon Real Estate Group
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Average Days on Market
Average days on market for listings accepting offers in April was comparable to the figure of last spring, but the lowest for the 10 months between.
Paragon Real Estate Group
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Months Supply of Inventory (MSI)
MSI in these prestige neighborhoods has been low ever since 2011 began reflecting strong buyer demand amid a relatively low inventory of listings for sale.
Paragon Real Estate Group
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