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Old Town Market Update: February 2018

Happy Spring! As the housing activity picks up, here is a look at last month’s stats in the Old Town Area. There were just six single family sales ranging from $355,000 all the way up to $1,510,000 at 612 E. Pitkin. This sale represents the highest single family home sale in Old Town. Several years ago, I sold 832 Wood Street, for $2M, but that was a home on 17.5 acres with an 11 acre lake, so I’m not counting that one!

Back to last month’s stats: the average sale price was $628,000 and the median price was $480,000. This time last year, there were nine sales with an average sales price of $486,000 and the median was the same at $480,000.

Additionally, there are two new condo projects coming to the Downtown market: Confluence at 401 Linden with an average list and under contract price of $603,000 and Myridium at 302 N. Meldrum with an average listing and under contract price of $666,000. Our market has certainly been short on supply for condominiums, so these projects are a welcome addition.

To see a list of all previous Old Town Market Updates, click here.

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