Taste: to perceive or experience the flavor of. Flavor: an indication of the essential character of something.
The pattern of increased sales and decreased pricing in Tuolumne County Residential Sales continued throughout 2011 creating both challenges and opportunities. The decreased pricing combined with record low interest rates that dipped below 4% lowered the cost of homeownership to a level that has been called historically affordable.
Sales Comparison |
2011 |
2010 |
% Change |
Median sales price |
$160,000 |
$200,000 |
-20% |
Average sales price |
$186,729 |
$221,988 |
-16% |
Total sales |
784 |
625 |
+25% |
Private sales |
384 (49%) |
312 (50%) |
+23% |
REO sales |
304 (39%) |
242 (39%) |
+26% |
Short sales |
96 (12%) |
71 (11%) |
+35% |
Sales @ $200k and below |
530 (68%) |
318 (51%) |
+67% |
Sales @ $175k and below |
453 (58%) |
246 (39%) |
+84% |
High price |
$900,000 |
$900,000 |
0% |
Low price |
$15,000 |
$20,000 |
-25% |
Average Price Sq. Ft. |
$111 |
$129 |
-14% |
Source of Data: Tuolumne County MLS