(Olympic Valley) First Three Quarters 2015
Sales of Residential units (Single Family Homes and Condominiums) in Squaw Valley for the first three quarters have been significantly lower in 2015 than they were for the same period in 2014. However, since June of this year both the number of sales and the total dollar volume have been higher than the same period for 2014. Hopefully this trend will continue. The 2014 statistics show that the strongest sales figures were within the first five months of last year and then the sales activity slowed down.
As of the end of the 3rd Quarter of this year there were 31 closed sales in Squaw Valley compared to 41 closed sales for the same period last year. This is a 24% reduction in units sold and more significantly a 47.5% reduction in total dollar volume. This change in dollar volume is due to single family home buyers purchasing lower priced homes. Of the seven homes sold by September 30th, four were under $860,000 and three were under $1,452,000. In the same period of 2014 of the twelve homes sold, three were over $3,000,000, two over $2,000,000, three in the $1,250,000+ range and four priced under $860,000.
Condominium listings have slightly higher prices than in 2014 and although units sold are down 17% the dollar volume is only down 10%. Both Average and Median prices for condominiums are higher than they were in 2014.
At the time of this posting (mid October) two more condominiums and one single family home have closed escrow and there are currently seven condominiums in escrow. It appears that our strengthening market activity will continue as we approach the end of this year.
With all of the excitement over the forecast of a strong El Nino winter and interest rates still at historic lows we are continuing to get lots of inquiries and are having a lot of client property showings. There are many well priced homes and condominiums currently listed for sale.
Click this link view Squaw Valley Property listings: https://www.gosquaw.com/neighborhoods/squaw-valley
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