We are preparing the mid-year print edition of the River Oaks Market Report even as I write. But as a little appetizer before we dig into Cameron’s meaty main course, we have some figures for you on what has been happening in the River Oaks real estate market since January 1.

(Please note that the numbers below are primarily from HAR.com. Our printed market report will also include non-MLS listings and private sales, so the figures may differ slightly.)

 

Mid-Year Sales Totals for River Oaks and Avalon Place

January 1, 2017 – June 30, 2017

Number of sales: 38
Dollar volume: $102,257,030
Average sales price: $2,690,974
Range of sales prices: $1,125,000 to $7,500,000    

January 1, 2018 – June 30, 2018    

Number of sales: 41
Dollar volume: $123,823,320
Average sales price: $3,020,081
Range of sales prices: $725,000 to $9,200,000

 

2018 Mid-year Sales Compared with Past Years

2018    41 sales           $123,823,320 total volume
2017    38 sales           $102,257,030 total volume
2016    36 sales           $111,051,910 total volume
2015    33 sales           $92,311,496 total volume
2014    46 sales           $110,275,507 total volume
2013    39 sales           $67,954,375 total volume
2012    47 sales           $94,873,700 total volume
2011    48 sales           $78,631,247 total volume
2010    32 sales           $58,898,043 total volume
2009    26 sales           $46,839,981 total volume


What happened in the market in May and June?

May 2018                                          

New listings: 20
Price reductions: 27
Price increases: 0
New sales pending: 11
Closed sales: 10
Total properties on the market: 85
Sold since January 1: 32

June 2018 

New listings: 11
Price reductions: 11
Price increases: 3
New sales pending: 15
Closed sales: 9
Total properties on the market: 82
Sold since January 1: 41