Recent Neighborhood Sales
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1618 Central Avenue 4 BD · 2.1 BA 3,361 SQFT · $1,200,000 Lot Dim: 50X156 Garage: 2 Year Built: 1926 1537 Washington Avenue 4 BD · 3.1 BA 4,015 SQFT. · $2,165,000 Lot Dim: 55X162 Garage: 2 Year Built: 2006 1536 Maple Avenue 5+1 BD · 5.1 BA 4,928 SQFT · $2,200,000 Lot Dim: 50X163 Garage: 2 Year Built: 2016
146 Sterling Lane 2 BD · 1 BA $360,000 Lot Dim:51X123 Year Built: 1953
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1717 Washington Avenue 3 BD · 2 BA 918 SQFT · $730,000 Lot Dim:50X160 Garage: 2 Year Built: 1919 410 Prairie Avenue 1 BD · 2 BA 1,450 SQFT · $741,000 Lot Dim: 49X178X49X172 Year Built: 1853
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12 312 Central Park Avenue 4 BD · 3.1 BA 2,600 SQFT · $916,370 Lot Dim: 50X139 Garage: 1 Year Built: 1928 Improving Economic Indicators are suggesting A Brighter 2024 Housing Market Ahead
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In the last 2 months of 2023, the average weekly 30-year mortgage interest rate dropped from 7.79% to 6.61%. CPI inflation declined in 2023 from 6.3% in January to 3.1% in November. After its end-of-year rally, the S&P Index was up 25% and the Nasdaq up 45% in 2023. According to the Case-Shiller Home Price Index, national home values hit a new peak in 2023. The number of new listings coming on the market in 2023 was the lowest in decades, a dominant factor behind sales dropping to their lowest annual total since the great recession. -COMPASS National Insight
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