Prices increased another 7% over last year last month. A total of 575 units sold in March, of which 15.1% were distressed (29 short sales, 58 foreclosures). Days on the market increased slightly by 3 days over March 2010, while inventory levels are down 22%. Here’s the breakdown by property type, but not by quadrant:
Single Family Home
Average Sale Price: $804,449 after 80 days
Range: $40,000 – $4,000,000
Townhomes/Rowhomes/Duplex
Average Sale Price: $485,335 after 82 days
Range: $49,000 – $2,600,000
Studio Condos/Coops
Average Sale Price: $187,323 after 47 days
Range: $50,000 – $282,500
1 Bedroom, 1 Bathroom Condo/Coops
Average Sale Price: $315,493 after 60 days
Range: $72,000 – $1,067,500
2 Bedroom, 2 Bathroom Condo/Coops
Average Sale Price: $585,853 after 49 days
Range: $200,000 – $1,325,000