The median price of Single Family Home sales rose by 4 percent when compared to the 4th Quarter of 2016 or $320,000 to $334,000 in this quarter.
Single Family home sales moved from 63 in the 4th Quarter of 2016 to 72 this quarter. Single Family home sales volumes also rose from $20.8M in 2016 to $24M for the 4th Quarter of 2017 reflecting the increase in home prices.
Condo and Townhome sales dropped off in the 4 th Quarter of 2017 to 16 units sold compared to 21 units in 2016. During this same period, the median price of Condos/Townhomes decreased from $197,000 in the 4 th Quarter of 2016 to $160,500 in 2017.
“The Los Alamos single family housing market ended with an uptick in both home sales and volumes for 2018,” ssaid Carrie Montoya-Pegg, 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.