I didn't do a newsletter in July, since so many of us are on the go, avoiding screens, and enjoying Summer! I have the market numbers for July, which are still marking increases over the same time last year.
The total number of units sold in July were up 1% while average home sales prices were up 7% from last year.
There were 1,657 home sales recorded for the month averaging $317,400 compared to 1,638 sales recorded in July 2016 averaging $297,242.
Median home sale prices were up 6% from last year to $260,000 versus $245,000 last July.
Through the first half of 2017 the number of home sales recorded are up 1% and the average home sales price is up 8% from the same period of 2016.
Antioch (37013) had the most home sales for the month with 186 recorded averaging $198,535.
Oak Hill (37220) recorded the highest average sales price for the month of $676,327 across 24 sales.
July home sales were down 5% with 656 sales recorded for the month compared to 687 recorded in July 2016.
The average home sales price was up 7% to $506,287. The median sales price was $450,000, up 5% from last year.
Franklin West (37064) had the most home sales for the month with 181 sales recorded averaging $495,345.
Bellevue (37221) had the highest average sales price of $86,400 across 5 sales.
While we are still in a competitive seller's market, there are strategies to win in multiple offer situations that don't always involve coming in with the highest bid. I discuss this in a guest post for Two Men and A Truck over HERE.
Food and Fun
Tomato Art Fest was this past weekend, and I've been eating my fair share. Here are the next two recipes I want to make. I'm tired of Caprese Salad!
Maybe I'll make one of these for eclipse viewing? We'll have family and friends in town for the big event.
Do you have your glasses? I'm hearing a lot of places are sold out, but here are some options where you can still get glasses. Please be safe, and enjoy a wonderful event that we will remember for years to come. Lets hope it's not cloudy!
Until next time!
* My business is built on referrals, so if you know anyone looking to buy or sell, please send them my way!