YTD 2013 Starts Stronger Than 2012
Welcome to my March Bachelor Gulch Market Update. 2013 has started out a little stronger than 2012. We’ve had 5 sales year-to-date versus 4 last year. We also have 4 properties under contract versus only 2 last year.
The other graph shows the number of listings in Bachelor Gulch. We have been hovering in the 20 to 30 listings range for the past year. Typically we peak in the ski season but we didn’t see much increase this year.
Our other indicators are essentially flat. The average $/SF sales price is hovering in the $750/SF to $790/SF range.
The difference between final list price and sales price remains a little over 10%, an indicator our list prices are probably still a little too high.
One positive indicator is days on market. We have seen the average time a listing spends on the market drop from around 300 days to 200 days over the past year. That is about where we were at our peak.