Jubilee Home Sales Statistics for 2014
If you were in the market to buy a home in 2014 you may have felt like you had somehow traveled through time and ended up in 2006. The real estate market this past year saw a strong positive adjustment after struggling through the 5 years following the infamous bursting of the real estate bubble in 2008. Market demand was very strong and the supply of new listings continued to be weak, causing prices to slowly begin an upward trend. The neighborhood of Jubilee was no different.
For the sake of this article we will focus on resale transactions. With Shea Homes still building in the neighborhood, there is, of course, a new construction market. However, because of sale reporting issues we will only be talking about existing resale homes in this analysis. So, with that piece of housekeeping out of the way, here’s a look at what happened with home sales in Jubilee in 2014…
39 resale transactions took place in Jubilee in 2014, an 18% increase over the 33 resale transactions in 2013.
The median sale price for resale homes in Jubilee rose to $297,500 in 2014, up from $270,000 in 2013.
The median sale price for resale transactions in 2014 increased by 10.2% over 2013.
The number of days it took, on average, to sell a home in Jubilee dropped almost in half from 153 days in 2013 down to only 78 days in 2014.
As you can see, there was a general upward trend in the real estate market in Jubilee this past year. For homeowners who have been contemplating selling, 2015 may be a great time to give it a try. Inventory levels remain low and there are a huge number of buyers currently in the market for a home in Jubilee. We are able to get a pretty good pulse on the level of buyer interest in Jubilee just by measuring the number of contacts we get from this website, and if that is at all indicative of where the market is headed then we are in for a busy 2015!
Curious about our projections for 2015 home sales in Jubilee? Check out our 2015 Jubilee Real Estate Market Forecast!