COLDWeLL BANKeR CLACK & DENNIS REAL ESTATE Year End Real Estate Market Snapshot 2018 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. 2017 56 2018 41 Average days on the market Average days from open to closing List price to sales price ratio 94% | 95.28% Listing inventory 317 306 Total number of sales (our company) Sales volume (our company) Average sale price $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 Kelli Jo Realtor 218-252-1560 Realtor 218-639-5132 Realtor 218-252-3098 Real or, ABR CAS GR 218-252-1940 Realtor, GRI 218-255-3114 Office Manager 218-255-4703 Ben Marotte Realtor 218-255-1889 Thom Peterson James Preiner Realtor, CRS GR Realtor, ABR E-Pro, GR Cindy Wentz Realtor Ashley Branstrom Bob Mack Realtor 218-255-0923 218-839-1740 218-252-1195 94010 Justin Clack Broker/Owner Diane Dennis Broker/Owner 1O1 MAIN AVE. SOUTH, MLS 018 770 AN INDEPENDENTLY OWNED AND OPERATED MEWBER OF COLDWELL BANKER RESIDENTIAL PARK RAPIDS www.realestateparkrapids.com EPS218-732-3381 TOLL FREE 1" AFFLIATES Nc