Nationwide, existing-home sales in June are on pace to hit 5.5 million by the end of 2015 and the national median price reached its highest level ever, surpassing the previous peak in 2006. That’s the top story in NAR’s news video, The Voice for Real Estate, for the week of July 27. [click to play the video] The Berkshire Market Watch report will be released on Monday, August 3rd, but preliminary figures show that locally, January-June residential sales were higher this year compared to last up 4% to 480 transactions YTD. Although the number of sales was higher, the residential dollar volume transacted was down from $133.3 million to $123.8 million this year so far. The north and central residential market was stronger than 2014, but south county continued to lag over last year’s sales rates and numbers.
In Berkshire County, Condo sales were robust this year, with double digit gains over last year. Over $10 million in closings has been transacted in condo sales alone this year so far, up 18% from last year. The multifamily market did slow but land was up. Here are the basic figures broken down by region and property type for January-June sales of this year, compared to the same time last year.
| Residential | |||||||||
| Number Sold | Sold Volume | Median Sale Price | |||||||
| Region | 1/14-6/14 | 1/15-6/15 | % dif | 1/14-6/14 | 1/15-6/15 | % dif | 1/14-6/14 | 1/15-6/15 | % dif |
| Central | 207 | 233 | 12 | 41,620,500 | 41,620,811 | 0 | 162,500 | 153,000 | -6 |
| North | 79 | 88 | 11 | 14,306,274 | 15,949,799 | 11 | 132,000 | 135,000 | 2 |
| South | 174 | 159 | -8 | 77,439,250 | 66,243,719 | -14 | 282,500 | 314,500 | 11 |
| Residential Totals: | 460 | 480 | 4 | 133,366,024 | 123,814,329 | -7 | 183,250 | 178,000 | -2 |
| MultiFamily | |||||||||
| Number Sold | Sold Volume | Median Sale Price | |||||||
| Region | 1/14-6/14 | 1/15-6/15 | % dif | 1/14-6/14 | 1/15-6/15 | % dif | 1/14-6/14 | 1/15-6/15 | % dif |
| Central | 22 | 25 | 13 | 2,636,000 | 3,137,200 | 19 | 116,750 | 126,000 | 7 |
| North | 27 | 18 | -33 | 3,106,850 | 1,732,900 | -44 | 100,000 | 90,000 | -11 |
| South | 4 | 5 | 25 | 652,500 | 1,195,000 | 83 | 176,250 | 250,000 | 41 |
| MultiFamily Totals: | 53 | 48 | -9 | 6,395,350 | 6,065,100 | -5 | 113,000 | 112,500 | 0 |
| Lots/Land | |||||||||
| Number Sold | Sold Volume | Median Sale Price | |||||||
| Region | 1/14-6/14 | 1/15-6/15 | % dif | 1/14-6/14 | 1/15-6/15 | % dif | 1/14-6/14 | 1/15-6/15 | % dif |
| Central | 10 | 13 | 30 | 854,500 | 913,000 | 6 | 42,000 | 50,000 | 19 |
| North | 8 | 13 | 62 | 414,900 | 778,400 | 87 | 20,000 | 67,500 | 237 |
| South | 28 | 17 | -39 | 2,405,400 | 2,662,575 | 10 | 66,250 | 77,500 | 16 |
| Lots/Land Totals: | 46 | 43 | -6 | 3,674,800 | 4,353,975 | 18 | 42,000 | 67,500 | 60 |
| Condominium | |||||||||
| Number Sold | Sold Volume | Median Sale Price | |||||||
| Region | 1/14-6/14 | 1/15-6/15 | % dif | 1/14-6/14 | 1/15-6/15 | % dif | 1/14-6/14 | 1/15-6/15 | % dif |
| Central | 12 | 19 | 58 | 2,785,100 | 3,604,400 | 29 | 209,450 | 165,000 | -26 |
| North | 2 | 5 | 150 | 414,000 | 1,041,400 | 151 | 207,000 | 155,000 | -33 |
| South | 19 | 21 | 10 | 5,444,200 | 5,626,650 | 3 | 230,000 | 170,000 | -35 |
| Condominium Totals: | 33 | 45 | 36 | 8,643,300 | 10,272,450 | 18 | 223,900 | 165,900 | -25 |
| All | |||||||||
| Number Sold | Sold Volume | Median Sale Price | |||||||
| Region | 1/14-6/14 | 1/15-6/15 | % dif | 1/14-6/14 | 1/15-6/15 | % dif | 1/14-6/14 | 1/15-6/15 | % dif |
| Grand | 592 | 616 | 4 | 152,079,474 | 144,505,854 | -5 | 165,000 | 163,650 | -1 |
| Totals | |||||||||