2014 Market Statistics - PRCBoR

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Pearl River County Board of REALTORS 2014 market statistics (as per our MLS).

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  • 2014 Statistics - PRCBoR Page 1

    QUICK FACTS Overall

    Change in (as compared to last year):

    2.04% Median Sold Price

    ______________________

    13.66% Inventory Sold

    ______________________

    9.378% Average DOM

    2.422% Average Sold Price

    2014 STATISTICS

    (MARKET OVERVIEW)

    Photo courtesy of: www.johnsonteamrealestate.com

    January December 2014 Pearl River County Board of REALTORS

    This information displays the overview of the entire

    market, including residential, commercial, and lots and

    land listings from January 1, 2014 to December 31, 2014*

    as compared to the previous year.

    It also includes a 5-year overview comparison.

    *Information deemed reliable, but not guaranteed.

  • 2014 Statistics - PRCBoR Page 2

    2014 Statistics O V E R V I E W C O M P A R I S O N ( J A N U A R Y D E C E M B E R 2 0 1 3 / 2 0 1 4 )

    Pearl River County Board of REALTORS MLS

    INCLUDES:AllTypeListings 2013 2014 Variance

    Listings sold 527 599 +13.66% Median Sold Price: $98,000 $100,000 +2.04% Average Sold Price: $119,083 $116,198 -2.422 % Average Days on Market: 160 175 +9.378%

    RESIDENTIAL

    COMMERCIAL

    2013 2014 Variance Listings sold 426 467 +9.624% Median Sold Price: $ 119,000 $118,000 -0.84% Average Sold Price: $ 132,940 $128,301 -3.49% Average DOM: 146 156 +6.849%

    2013 2014 Variance Listings sold 9 20 +122.22% Median Sold Price: $ 105,000 $137,500 +30.95% Average Sold Price: $ 156,144 $208,417 +33.477% Average DOM: 414 290 -29.95%

  • 2014 Statistics - PRCBoR Page 3

    LOTS & LAND

    Five Year Comparison (January November 2010-2014) Includes: All Property 2010 2011 2012 2013 2014Listings Sold 435 497 463 527 599

    Median Sold Price: $98,500 $83,000 $89,900 $98,000 $100,000

    Average Sold Price: $110,385 $106,226 $104,427 $119,083 $116,198

    Average DOM: 193 200 170 160 175

    NOTES ONLY

    With the exception of 2012, it appears that the inventory (listings sold) has consistently been going up; this would indicate growth of approximately 37.70% since 2010.

    The median sold price has been slightly increasing the last three years, whereas the average sold price has gone down about 2.42% since last year, but is overall up about 5.266% from 2010.

    Commercial property is on a big rise from when comparing the previous year. Looks like Pearl River County is bringing in economic growth through commercial, as well. (FYI: all 20 properties are located in Pearl River County)

    2013 2014 Variance Listings sold 92 112 +21.74% Median Sold Price: $ 23,613 $29,750 +25.99% Average Sold Price: $ 51,290 $49,266 -3.95% Average DOM: 201 233 +15.92%

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