Home prices in Saturnia were up by 7.5% in the first half of 2016, compared to the year earlier period. The average transaction closed at $645K, up marginally from the second half of 2015 but significantly higher than the $600K average for the first half of 2015.
The biggest price in the first half of 2016 was $801.5K for 19557 Saturnia Lakes Drive, a four bedroom, three bath house with just over 3200 square feet. At just short of $250 per square foot, it was also the most expensive on that measure. The average was $187.
Houses moved a little quicker with an average of 72 days on the market (down from 81 a year ago). They are also being priced well at the start, with the average house selling for 96% of the original list price, up slightly from last year.
At the low end $455K bought 19084 Skyridge Circle, a 4 bedroom 3 bath house with 2600 square feet.
There was only one REO transaction in the latest period and it did bring down the average. 19234 Creekshore Court sold for just under $600K. That sounds good but the house is nearly 4700 square feet with 6 bedrooms and 5 1/2 baths. At $128/sq.ft. it is by far the cheapest sale in the last 18 months.
