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    January 25, 2019
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COLDWeLL BANKeRS CLACK & DENNIS REAL ESTATE 2018 Year End Real Estate Market Snapshot 2018 was another fantastic year of "booming" real estate sales! Confidence in the overall state of the economy, low fuel prices and appreciation in real estate values across all markets contributed to another great year. When values in major metro markets increase, we see gains in local vacation property demand. Below are some comparative statistics from the last 2 years. 2018 41 46 Average days on the market Average days from open to closing List price to sales price ratio Listing inventory Total number of sales (our company) Sales volume (our company) Average sale price 2017 56 49 94% | 95.28% 106 317 102 306 $53,662,639 $52,674,186 $169,282 $172,137 A significant decrease in the average days on the market was noted along with a bit less inventory There has never been a better example of a prime "sellers market" as the one we are experiencing right now! If you are interested in a more thorough evaluation of your real estate or just have questions about the market in general, please give one of our agents a call, and we would be happy to help! Mary Beth Anderson Mya Claussen Rhonda Gartner Marvel Haynes Kellil Johnson tie Larson Bob Mack 218-521560 218-2521940 Ben Marotte Thom Peterson James Prelner Branstrom Justin Clack Diane Dennis 218-1740 RPGRCindy Wentz 101 MAIN AVE. SOUTH, PARK RAPIDS www.realestateparkrapids.com 218-732-3381 1-800-248-4032