This month, we will compare condo and townhome sales for Quarter 1 in the Gallatin County between 2014 and 2015. Here are a few stats for all Gallatin County condos and townhomes:
- Unit Sales decreased in the first quarter by 1.7% (121 sold in 2014, 119 sold in 2015)
- Dollar volume increased in the first quarter by 0.26% ($33,006,258 in 2014, $33,095,180 in 2015)
- Median sale price decreased in the first quarter by 2.5% ($200,000 in 2014, $195,000 in 2015)
Summary – Condo and townhome sale numbers for Quarter 1 of 2015 compare very similarly to numbers seen in 2014. It should be noted that although almost all numbers are on par with 2014 numbers, the average days townhomes spent on the market were nearly half in 2015 (124 DOM in 2014, 65 DOM in 2015). Assuming the year follows a similar pattern as last year, we are on our way to a healthy year in real estate.
Hart Real Estate Solutions