Overall, the Boatworks real estate sales saw positive movement in 2017 compared to 2016.
2017 saw an 80% increase in sales volume over 2016. In 2017, 16 townhouses sold. In 2016, 10 sold.
The average sold price in 2017 was $356,164.00 compared to $338,800.00 in 2016. The average days on the market in 2017 was 78 compared to 130 in 20l6.
The average 2017 sold price for the Madison design (approx. 1950 sq.ft.) townhouse was $374,800. The average sold price for the Bryant design (approx. 1800 sq.ft.) was $347,461. There are 6 different floor plans in Boatworks but the vast majority of sales are in the 2 designs.
The average time spent on the market prior to an accepted offer for the Madison was 45 days while the Bryant was 101.
In 2017, the number of reported distressed sales (in the Multiple Listing Service) remained constant. Distressed sales in 2017 accounted for 19% of all sales in that year. In 2016, distressed sales accounted for 20% of all sales. Not all distressed sales are reported in the MLS e.g. those sold at auctions.
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