Although we have weathered a challenging real estate climate over the last four years, there are positive signs emerging. For our office alone, we sold 44.7% more listings in 2011, than 2010. And while our median sales price was down 31.5% (-31.5%), we still generated a 21.5% increase in total dollar volume sold from the previous year.
I might add that our MLS as a whole did not see the gains that our office did. Year over year, 2010 vs. 2011, MLS data reports a gain of 22% for units sold, with the average sales price being down 23% (-23%). The year ended with the total dollar volume sold being down 6% (-6%).
Our market share at the end of 2011 is 28%! This is up substantially from the 23.46% we had in 2010.
So, all in all, not a bad year after all! Congratulations to everyone for an outstanding 2011!
Source: Sun Valley Board of Realtors
Submitted by Darlene Young, Sun Valley Sotheby's International Realty
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