Good morning and a happy new years! What a year 2013 was. From the George Zimmerman trial to the Boston marathon bombing, we’ve seen many changes that will go down in history. What amazes me is the resilience people show through hard times, and the ability to keep going, much like the real estate market here in Mountain House. When things hit rock bottom, there was only one way to go.
Now as we do a year in review of the Mountain House real estate market, we can see how much the market has rebounded. Looking at December alone, we’ve seen another 19 homes sell from $220,000 to $570,000 for traditional sales.
In 2013 there was a total of 278 homes sold in Mountain House alone totaling $108,167.299 by dollar value. For all these sales, the median days on market was just 11 days! 84.17% of all homes sold in under 30 days. The average yearly sale was a 4 bedroom at 2441 square feet, for $389,091, with the median home at 4 bedrooms, 2384 square feet for $400,000.
You may be thinking, “okay what’s with all the numbers? what does this mean?” Well, let me show you.
January 2013 – Average Sale – 4 bedroom 2545 square feet for $345,384, median at $333,278.
December 2013 – Average Sale – 4 bedroom at 2456 square feet sell for $412,508, median at 4 bedroom 2404 square feet for $425,508
What the numbers show is that home values are on the rise. Look how much equity homeowners in Mountain House gained in just one year! Although Mountain House took a huge hit during the rescission, Mountain House is a resilient place that continues to grow stronger.