Terrace real estate sales are up

In 2012, more properties switched hands compared to 2011.

LAST YEAR’S real estate sales topped 2011 by $15.9 million with more properties switching hands and leaving fewer on the market by the year’s end.

In 2012, 318 properties sold for $65.9 million through the Multiple Listing Service (MLS) compared to the 267 properties that sold in 2011 for $50 million.

Of those properties, 190 single-family homes were sold, half of which were for less than $210,000. That number is slightly up from last year when half sold for less than $200,000.

Also, 27 parcels of vacant land changed hands in 2012 compared to 23 in 2011 and 30 homes on an acreage were sold in 2012 – that’s 8 more than the year before.

Manufactured home sales were steady this year, with 25 in parks and 11 on other locations land sold in 2012. In 2011, 23 in parks were sold as were 13 on other locations.

As of Dec. 31 2012, 157 Terrace properties of all types were listed on MLS, fewer than the 188 listed at the end of 2011.

 

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