Chart of the median sales prices for the 3rd Quarter of 2014 for the Los Alamos Area. Courtesy/LAAOR
- Los Alamos Area Condos & Townhome Sales Up; Single Family Home Sales Hold Steady
Single Family home sales inched up from 67 in the 3rd Quarter of 2013 to 69 this quarter. Single Family home sales volumes also saw an uptick from $19.8M in 2013 to $21.1M for the 3rd Quarter of 2014.
Condo and Townhome sales more than doubled in the 3rd Quarter of 2014 to 14 units compared to six units sold in the same Quarter of 2013. The median price of Condo and Townhome sales noted a rise of 4 percent when comparing the 3rd Quarter of 2013 or $144,875 to $151,500 in this Quarter. During this same period, the median price of Single Family Homes saw a modest increase from $280,000 in the 3rd Quarter of 2013 to $282,250 in the 3rd Quarter of 2014.
“Single Family home sales held strong with prices moving in an upward direction during this period in the Los Alamos housing market,” said Anna Caspersen, president of the Los Alamos Association of REALTORS®.
The median sales price is determined from only those sales listed on the Santa Fe Association of REALTORS® Multiple Listing Service, which does not include every sale in the area but has been used historically to track trends in the home buying market. The median is the price of a property that falls in the middle of the total number of properties sold during the Quarter.
The mission of the Los Alamos Association of REALTORS® (LAAOR) is to enhance members’ ability to conduct their business successfully and with professional competency. LAAOR is a not-for-profit trade association with a membership comprised of 42 Realtor members and 25 Affiliate members. For more information, visit www.laaor.com.