Nov 10, 2014
TREAD index (measuring total amount spent on home purchases over a trailing 12 month period) continues to increase, ending October with a resounding 142%. Four sales in October helped bringing the year to date sales to 69, compared to 59 in the same period in 2013 and 45 in 2012. Average sale price year-to-date, however, decreased from September to $902,000. All this points to a healthy overall market in Mountain Lakes, where sales are up and average prices directly tied to the mix of specific homes sold.
Next update will be in January, where we will review the overall trends for 2014. Happy Thanksgiving!