As we bid farewell to 2015 and begin charting the course for 2016, I always like to pause to reflect on the year.  In real estate there is rarely what is termed a “normal” or balanced market.  In 2015 we saw the return of the Seller’s Market and the year was somewhat stymied by low inventory. Below is a quick snapshot of the numbers.  More analysis is in the works so stay tuned for a deeper dive into last year compared to recent years. And of course, I will be putting together the annual list of my favorite 10 homes that sold in 2015.

378  total single family home sales

90 condo sales

205 sales under $700,000 sales price

72 sales over $1M sales price

25 sales over $1.5M sales price

$3,025,000 top home sales price

$666,000 median home sales price

$60,000 lowest home sales price

2,774 sq ft average size of homes sold

68 pieces of land sold

$3,360,000 top land sales price

$235,000 median land sales price

$60,000 lowest land sales price

1.85 acres average size of lots sold

For a quick comparison to 2014:

In 2014,  401 homes sold, but the median home price was $620,000.  In 2015 we saw supply and demand do its work.

All data taken from the NWMLS as of 1/2/2016.