LAKEPORT >> The Lake County Association of Realtors (LCAOR) reported that the median sales price of single-family residences for the third quarter of 2014 (months of July, August and September) shows a month-to-month increase in median sales price while the units sold showed month-to-month decrease.
The median sales price in July was $168,000, then rose to $172,000 in August and moved up to $185,000 in September. The number of units sold was 79 in July, 73 in August and 58 in September. These trends are similar to what is being seen on a statewide basis.
The number of active listings remained relatively stable throughout the quarter, ranging from a high of 479 in August to a low of 451 in September.
Rick White, president of LCAOR, stated, “Quarterly results for the third quarter were very comparable to the second quarter”s results. Q3 had a median sales price of $172,000, which was slightly down from the Q2 median sales price of $175,000. On a quarter-to-quarter, basis the number of units sold remained relatively unchanged also.”
Compared to one year ago, the third quarter results showed a 17-percent increase in median price and a 13-percent decrease in the units sold.
NUMBERS AT A GLANCE
Lake County – Q3 2014
• Median price: $172,000
• Median days on market: 70
• Units sold: 209
Lake County – Q2 2014
• Median price: $175,000
• Median days on market: 66
• Units sold: 214
Lake County – Q3 2013
• Median price: $147,000
• Median days on market: 77
• Units sold: 241
Buyers and sellers wanting to find out about the market value of their property or how the market is doing in their neighborhood should contact a Lake County experienced Realtor. A member roster is available at: http://www.lcaor.com/members/.
Scott Knickmeyer is association executive for the Lake County Association of Realtors.
