Land Park looks like a normal healthy real estate market this month and the price gains from month to month have been pretty impressive. Even sales of homes have not suffered as a result. 22 homes sold this month in Land Park of which 18 were non-distressed sales, 3 were foreclosures and 1 was a short sale. Unit volume is up year over year by 46.7% while foreclosures are down 25% for the same period. Non-distressed sales gained a huge 63.6% over last June.

The price per square foot has recovered from last month: it is now $260.57 but has not yet reached the heights of last June when it was $305.89. That’s a 14.8% decline in value. Meanwhile homebuyers afforded themselves 9% bigger homes on average than last June. Average sales price is now 7.5% under last June’s high of $395,093. It is currently $365,514. Median sales price is 5% higher than last year at $367,500.

Inventory is at 4.7 months based on the last 12 months of sales and 4.8 months based on the last 6 months of sales.

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