ERA BROKERS CONSOLIDATED Valley.pdfERA BROKERS LOCAL MARKET REPORT ERA BROKERS CONSOLIDATED MONTHLY...

2
ERA BROKERS CONSOLIDATED MONTHLY MARKET UPDATE research.erabrokers.com OFFERED AT $399,999 188 S Main | Hurricane, UT 84737 20-211615 Hurricane Valley | May 2020 Our Investments in Market Research provide insight and commentary on a dozen residential markets throughout Utah and Nevada.

Transcript of ERA BROKERS CONSOLIDATED Valley.pdfERA BROKERS LOCAL MARKET REPORT ERA BROKERS CONSOLIDATED MONTHLY...

ERA BROKERS CONSOLIDATED MONTHLY MARKET UPDATE

research.erabrokers.com

OFFERED AT $399,999188 S Main | Hurricane, UT 84737

20-211615

Hurricane Valley | May 2020

Our Investments in Market Research provide insight and commentary on a dozen residential markets throughout Utah and Nevada.

+6.2

April 2019 April 2020 + / - 12 Month Avg + / -New Listings 91 90 -1.1% 81 9%Pending Sales 90 65 -27.8% 62 8%Closed Sales 55 63 14.5% 57 16%Median Sales Price $299,000 $317,500 6.2% $308,027 8%Average Sales Price $308,032 $359,493 16.7% $329,944 11%List to Sale Price Ratio 97.1% 97.4% 0.3% 97.8% -1.6%Days on Market 51 62 21.6% 63 18%Inventory of Homes for Sale 195 226 15.9% 198 12%Months Supply of Inventory 3.5 3.6 1.2% 3.5 -6%Single Family Permits 36 0 -100.0% 35 9%Apartment & Condo Permits 0 0 3 -35%

The source of the data for this report is the MLS, Local Association of Realtors and Construction Monitor.

0102030405060708090

Apr 19 Jun 19 Aug 19 Oct 19 Dec 19 Feb 20 Apr 200

50

100

150

200

250

Apr 19 Jun 19 Aug 19 Oct 19 Dec 19 Feb 20 Apr 20

Year over year price change for the 12 month rolling average.

Inventory of Homes for Sale Days on Market

By Month 12 Month Rolling Average

MARKET REPORT

May 2020HURRICANE VALLEY

Year-Over-Year

-15.00%

-10.00%

-5.00%

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

Apr-19 Jun-19 Aug-19 Oct-19 Dec-19 Feb-20 Apr-20

% Change in Median Price

8.0%

Highlights:• Closed sales are up 16% over a 12 month average.• Median sales price is up 6.2% compared to last year.• New listings are up 9% over a 12 month average.

By Month 12 Month Rolling Average

By Month 12 Month Rolling Average

14.5%

Change in Closed Sales

15.9%

Change in Inventory

Change inNew Listings

-1.1%