Area housing market improving

By Ed Bailey / Community CorrespondentDecember 13, 2012 

The Oakhurst area housing market continues to improve. More homes are being sold this year compared to last year and the median selling price is increasing.

The combination of low interest rates, low prices and low inventory, is creating upward price pressure. It is clearly a buyers market. The following information is for Oakhurst, Coarsegold, Bass Lake, North Fork, ONeals, Wawona, Yosemite, Ahwahnee, Raymond, Wishon and Eastern Mariposa County.

Year to date home sales were 480, up 8% over last year. Total dollar volume in home sales was $100 million, 9% from last year.

The year to date median purchase price of a single family home was the same as last year, $175,000, however, for homes sold over the past six months (June through November), the median price was up by 5% from $175,000 last year to $184,500 this year. That is still 46% below the 2007 median price of $342,475. The number of pending sales (in escrow) at the end of November was 77, up 24% from October.

These figures are taken from Yosemite Gateway Association of Realtors MLS records, and represent single family residential homes only. MLS Records are presumed to be accurate but not guaranteed.

For more information send e-mail request to EdBailey@sti.net.

-- edbaileyrealty.com.

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