When compared to 2019, the number of sales increased 52%, and the dollar volume increased 116%, totaling $1.49 billion. Following suite, the average and median sale prices increased, 42% and 44% respectively. NOTE: The 402 sales, along with the $1.49 billion in dollar volume, the average sale price of $3.7 million and the median sale price of $2.5 million in 2020 are all record-breaking. Also noteworthy is the record-breaking 28 homes selling for over $10 million.
The under $1 million market continues to slip away, representing only 13% of all home sales in 2020. The year ended with 51 home sales under $1 million. Current inventory represents zero homes in this price range, with only 3 currently listed for under $2 million. This segment continues to reflect brisk activity, and the ever-intensifying appetite for properties priced below $1 million: When a well-priced home hits the market in this segment, a bidding war is sure to ensue within 72 hours.