In all markets certain price ranges of homes sell faster than others. There are many reasons for this. When I lived in Fremont, they were in a massive expansion of new homes and numerous homeowners decided to trade up. This flooded the market with lower priced homes and drove the price of the homes they sought even higher. In our area lower priced homes have always sold well because they meet the budget of more people. More people can qualify for a $500,000 home than a million dollar home. It is often true that for a $100,000 more you can get much more house. In the chart below we find that homes priced between $800,000 and $1,000,000 to be slowest to sell so far this year.

HomesSold

Yet the number of homes sold between 1 million and 2 million show a spike in sales. These homes traditionally have the best views, location, size, and other ammenities. Data includes condo’s and PUD’s.