January home sales slightly down

February 11, 2014 

The number of mountain area home sales in January was down somewhat from 34 last year to 27 this year. This was due to the inventory shortage the area is experiencing. That shortage also drove prices sharply upward by 53% over January 2013, from a median price of $153,500 to $235,500. But, again, one month does not a trend make.

However, for the three months period ending on January 31, the increase was 41%, and the past six months showed a 31% increase in the median price. That, a trend does make.

We are still below the median price for 2006, which was $356,000.

Although fewer homes were sold (single family residential properties, does not include mobile homes in parks or condos this year), the total dollar volume was up by 73% , from $5,92 million in January 2013, to $10.25 million this year.

The Yosemite Gateway Association of Realtors (YGAOR) hosted a standing-room-only crowd for an Oakhurst Area Chamber of Commerce sponsored open house on Feb. 6.

The comprehensive Monthly Mountain Area Housing Market Report is available on or after the fifth of each month at: OakhurstHomeRealEstate.com/ca/market-report.

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