Last week, we reported on the first five months of 2014 with the amazing price rise of 18%. It was stunning to see a sales drop of 14% in five months of 2014 compared to 2013. Home prices from $100,000 to $500,000 comprise 76% of total sales for 2014, down from 81% in 2013.
Comparing individual price segments; It’s a match – pre-bubble and now.
The analysis below shows million plus homes have taken the brunt of the sales decline in 2014. Home prices below $1 million are a match to pre-bubble 2004.
IN EACH PRICE SEGMENT PRICES HAVE RETURNED TO 2004 LEVEL. Million plus sales have plummeted, only 3 sales so far this year at $2.4, $2.4, $2.2 million each. 69 homes, $1,000,000 plus are currently listed.
The details of these reports are one step away from our target; your home value.