There have been only 14 sales of properties classified as new or proposed construction in the past 6 months; 40 in the past 12 months. Currently, there are 70 such active properties, and another 5 under contract.
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Overwhelmingly, the majority of active, contingent, and sold properties are in the $1-2M range, and market time of solds for the last 6 months averaged slightly over 300 days on market, compared to 253 average dom for non-new construction units in the same areas (where average SP drops to $900K).
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Of the 14 sales, 2 were short sales (no bank REOs). Among the actives, 4 are short sales, with no bank-owned REO properties noted. All but 1 sold property had finished basements, and average sale price to original list price was 86%.

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