Though the number of pendings has been lower recently, the closed sales are about the same as last year. Buyers are probably more reluctant to cancel a sale once in escrow?

NSDCC Action Between Jan 1st and April 10th

Year
# of Closed Sales
# of New Listings
CS/NL
% of Sales Over $1M
2013
765
1,481
52%
40%
2014
678
1,408
48%
51%
2015
730
1,445
51%
58%
2016
639
1,550
41%
58%
2017
648
1,368
47%
61%
2018
653
1,371
48%
73%

Almost three quarters of the sales are over $1,000,000 now!

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Jim the Realtor
Jim is a long-time local realtor who comments daily here on his blog, bubbleinfo.com which began in September, 2005. Stick around!

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