Johnson Lane, Minden Home Prices Rise 20%

Posted by Mitch Argon / CalNeva Realty on Monday, February 3rd, 2014 at 6:32pm.

Market Summary

Review all MLS listings in Johnson Lane.

If you live in the Johnson Lane area of Minden or you are planning to buy a home in this area, you may be interested in the market summary below. The local market in 2013 saw a considerable rise in price after many years of price decreases. Not only is the median price up 20% from that of 2012 but the Sold to List % is also up from 96.3% to 97.8% which indicates a market with more buyers than sellers. Surprisingly, the number of homes sold is about equal and the days on market even rose (this may be related to short sales taking the place of bank owned homes - the short sales will generally have a much higher Days on Market). Take a look below for summary market information:


Johnson Lane 2012 2013 % Change
Number of Homes Sold 129 130 1%
Average Days on Market 145 150 3%
Highest Price $900,000 $565,000 -37%
Lowest Price $104,500 $136,500 31%
Average Home Price $291,025 $322,908 11%
Median Home Price $261,500 $315,000 20%
Sold Price / List Price % 96.3% 97.8% 2%

If you have any questions about buying or selling a home in the Johnson Lane area, please give me a call. Not ready to talk yet?, try the links below:

 

Mitch Argon
Broker - CalNeva Realty

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