fbpx

When looking at the normal indicators used throughout the real estate industry, you can get deceived.  Looking at the recent median sales prices, you might think the market is steady:

http://realist2.firstamres.com/sales_statistics.jsp

If you look at the cost-per-sf, you can see a downward trend in the cheaper homes, but those over a million dollars still look to be holding their own:

 

Graph22

It’s only when you look at the distribution that you see the squishdown.  The under-$1,000,000 sales have been increasing, now up to roughly the same as they were in 2005, but the over-$1,000,000 club had less than half the number of sales as in 2005:

Graph222[1]

You can say pricing has come down, or that you’re getting more for your money.

Pin It on Pinterest