Blue Mountains & Grey Highlands Market Reports – 2018 in Review

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GREY HIGHLANDS – SLOW YEAR WITH A STRONG FINISH; FEWER LISTINGS, LOWER SALE PRICES

2018 TOTAL SALES VOLUME OF $57,975,054
Down 26% from 2017’s $78,759,855, with units of 129 down 20% from 2017’s 161. New listings of 185 down 9% from 2017, with the sales/listings ratio of 70% down 9%.

FOURTH-QUARTER SALES VOLUME OF $14,027,067

Down 25% from Q4-2017’s $18,604,600. Units of 29 down 12% from Q4-2017’s 33, with new listings of 21 down 12% and the sales/listings ratio of 138% even with Q4-2017.

2018 ANNUAL AVERAGE SALE PRICE OF $449,414
Down 8% from the $489,192 of 2017. Average days-on-market of 64 down 12 days.

BLUE MOUNTAINS – SECOND BEST VOLUME SALES EVER AFTER HUGE Q4; AVERAGE PRICE WAY UP

2018 TOTAL SALES VOLUME OF $233,373,126
Down 4% from 2017’s record $244,176,774, with units of 347 down 13% from 2017’s 399. New listings of 592 down 6% from 2017, with the sales/listings ratio of 59% down 5%.

RECORD FOURTH-QUARTER SALES VOLUME OF $73,961,930

Up 35% from Q4-2017’s $54,702,500. Units of 101 were up 11% from Q4-2017’s 91, with new listings of 153 up 16% and the sales/listings ratio of 66% down 3%.

RECORD FOURTH-QUARTER AVERAGE SALE PRICE OF $732,296
Up 22% from 2017’s record $601,126. Average days-on-market of 60 was down 11 days.

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