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High end home sales lagging slightly behind in 2014 |
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Looking at high end home sales ($500K or higher) it would appear that the pace of sales in 2014 won't necessarily match that of 2013.... As shown above, home sales over $500K bounced back considerably in 2013. Perhaps some of that was pent up demand from previous years? It seems unlikely that we'll end up with 20 sales over $500K in 2014. As shown above, home sales over $600K also are not faring as well this year as compared to last year. The graph above would certainly lead us to believe that home sales over $700K will definitely take a hit in 2014. However, it's not all bad news, as there are currently four homes priced over $700K that are under contract.... Recent Articles:
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Scott Rogers
Funkhouser Real
Estate Group
540-578-0102
scott@funkhousergroup.com
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Commonwealth of Virginia
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