2022 Year in Review
It's time for our annual "Year in Review" where we look at the past year in SunCrest Real Estate. 2022 started off much like 2021 with many homes receiving multiple, above asking price offers. As interest rates rose, the total number of homes listed and sold decreased and prices flattened. Overall, home price appreciation saw 13% year over year increase, and just over 103 real estate sales (SunCrest homes and SunCrest land) took place, and the new median price of a home in SunCrest climbed to $795,000.

2022 By The Numbers

103 total SunCrest properties (homes + land) sold

• 90 homes
• 79 single family homes
• 16 of the 79 single family homes were new construction homes
• 11 townhomes
• 13 lots

Median days sales time: 21 days
Highest sold price: $1,910,000
Lowest sold price: $341,500
Median sales price: $795,000
Most active sales period: 3rd quarter

The “Average” SunCrest Home Sold in 2022
We crunched the numbers. If you could put together an overall average of all SunCrest homes sold in 2022, here's what that house would look like:

Average Sold Price: $869,011
Average Price Per Square Foot: $229
Average Days on Market: 36
Year built: 2011
Beds: 4.62
Baths: 3.7
Acres: 0.22
Garage: 2.59
Finished Basement: 72%

Our take
If you're buying or selling, it's always best to take a hands-on approach and assess each home for its own merits. Averages can also be misleading, as there are always wide exceptions to it—that's how averages work, after all. Things like timing, condition, location, and quality all have an impact on buying and selling and you can get frustrated pretty easily if your home sale or purchase don't seem to be fitting the "average" experience. Having a hyperlocal expert in your corner who knows how to spot out of average opportunities can help turn any transaction to your benefit.