Homes Are Selling on the Hill! University Place Market Report

Homes are selling on the Hill! I've compared a list of single-family home sales for 2011 through October 31, 2011, in the University Place subdivision (my home neighborhood).

Compared with the same period of time last year, we see an increase in sales activity -- more homes sold this year (21 versus 17 last year) for closer to list price (3.9% discount versus 4.9% discount last year). However, both average sales price and price per square foot declined slightly this year, from $741,000 to $723,000 and from $268 to $257, respectively.

If you're curious about what your home is worth, please contact me for a custom market analysis. No fee and no obligation. Here are the stats on sales so far this year: