Great Point Properties Market News

Great Point Properties Market Update

Posted: January 13, 2017 by Edward Sanford

2016 has finished with overall transactions up only 3% over 2015, from 484 to 497 sales.  All of that gain was in a robust housing market. House sales were up 15% and total  dollar volume increased 19%. Land sales hit a five year low with only 72 transactions  down 31% from 2015. Dollar volume was off 19%. Total dollar volume finished at $969  million on 497 sales. This represents the 4th best sales year in dollar volume and the  second best transaction year since the market bottom of 2009. Read more

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Market Observations

Posted: February 8, 2017 by Edward Sanford

We do not make too much of one months sales and will not make any predictions based on sales results for January. From the chart below January’s house closings were line in with the four-year average even though they were down 16% from last January. We will make our initial prognostications once March closing are in the books.

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Quick Stats

  • Year to Date vs. 2016 Year to Date
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  • Avg. DOM: 50-
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  • allhouseslandcommercial