AMARILLO - The 2015 Amarillo Housing Market Activity by Coldwell Banker First Equity concludes that first quarter 2015 is the best first quarter since 2006.
There were 711 closed sales in 2015 compared with 620 closed sales in 2014, a 14.68 percent increase from one year ago and the best first quarter total since 762 sales closed in 1Q 2006.
Average single-family home prices were up 7.81 percent to $170,559. Median single-family home prices were up 1.45 percent to $140,000.
There were 985 active single-family listings in the multiple listing service (MLS) as of March 31, 2015. This represents a decrease of 113 listings from one year ago and the lowest first quarter inventory since 1Q 2005 when only 982 single family homes were on the market.
Foreclosure activity in Potter/Randall entered into a stabilized range between 350–400 annual foreclosures during 2013–14.
• 3,200 single-family sales
• $171,500 average sales price and $145,000 median sales price
• 1,100 active listings at year-end
• 500–525 single-family building permits
• 350–400 foreclosures
Source: Coldwell Banker First Equity, Realtors.
See Coldwell Banker First Equity Single-Family Housing Market Stats 1Q 2015 full report.
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