Alright, lets get these neighborhood-specific reports going for year-end activity. I've been awfully busy these last few weeks so that's kept me from getting these up sooner. Over the next few weeks I will post more areas/neighborhoods - also I'll provide numbers from the Bitterroot Valley as well. So lets start with an area near and dear to my heart, where I grew up, the University Area. The U-district experienced an explosion of sales compared to 2011. Sales volume actually doubled (and then some), there were 24 sales in 2011 and in 2012 we saw 52 sales! That represents an increase of 117%! The median sales price in 2012 was $325,000 where the median original list price was $339,950 which suggests that on average sellers were selling for about 95.5% of their original list price....
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