SOLD in 2017 Q3

SOLD DATE

TYPE

UNIT NUMBER

SOLD PRICE

August 31, 2017

2BR/3BA+Bunk

304

$401,000.00

September 8, 2017

2BR/3BA+Bunk

504

$380,000.00


SOLD in 2017 Q2

SOLD DATE

TYPE

UNIT NUMBER

SOLD PRICE

April 6, 2017

3BR/3BA

407

$509,900.00

April 14, 2017

2BR/2BA + Bunk

205

$391,000.00

April 18, 2017

2BR/2BA

1002

$375,000.00

April 25, 2017

2BR/2BA + Bunk

402

$372,000.00

April 27, 2017

2BR/3BA + Bunk

1106

$375,000.00

April 28, 2017

3BR/3BA

1407

$505,000.00

June 22, 2017

3BR/3BA

203

$515,000.00


SOLD in 2017 Q1

SOLD DATE

TYPE

UNIT NUMBER

SOLD PRICE

February 15, 2017

3BR/3BA

1601

$425,000.00

March 14, 2017

3BR/2BA

202

$389,000.00


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SOLD in 2016

1BR/1BA + Bunk | 1 Unit SOLD

November 29, 2016
1BR/2BA+BUNK
$220,000


2BR/2BA + Bunk | 3 Units SOLD

June 30, 2016  
2BR/2BA+BUNK
$368,500
March 30, 2016
2BR/2BA+BUNK
$345,000
December 8, 2016
2BR/2BA+BUNK
$350,000


3BR/3BA | 1 Unit SOLD

July 29, 2016
3BR/3BA
$407,026



The chart above represents the Sterling Breeze market for the last two years.  Considering the small amount of data here, inventory levels (Active Listings) really moved up in 2016 halfway through the year, jumping over 60%.

Sales volume (Sold Listings) stayed pretty steady with either zero or one sale every month, same as it has been for the last two years.

"Months Inventory" has drifted to 10.  5-6 months of inventory represents a pretty neutral market while anything over that signifies a buyer's market.  If this stays too high, for too long, it can really put downward pressure on pricing.  Let's watch to see what happens in the first quarter of 2017.


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