Fourth quarter sales data continued to put up encouraging numbers in Addison County. Compared with the same quarter last year, unit sales were up 31% from 52 homes to 68. Prices also continued to make significant gains with the average sale price for the quarter coming in at $295,000, an increase of 25%. It has been quite some time since we have been able to report good news in the real estate market over the course of a year. It appears that the curve in the real estate cycle is beginning to move upward for the first time since 2008, at least in Addison County.
click here for full 4th Quarter 2011 Newsletter