Martis Camp Real Estate Market Outlook: Martis Camp continues to defy market dynamics and national real estate trends including setting records for price appreciation over the past five years. 2013 should be no different as resale prices for homes on a square foot basis will come close to doubling from the very first sale in July of 2008. The first resale home in Martis Camp sold in 2008 for approximately $600 per sq. ft. and in 2013 we anticipate that same home to sell for over $1,000 per sq. ft., almost double…
Martis Camp Home Sales: In 2012 we had 7 resale homes sell versus only 4 in 2011.The sales price range was from a low of $2.85M to a high of $5.98M. The median home price in Martis Camp was $3.3M which was a slight decrease from 2011. The average sales price was relatively unchanged, just a 5% increase. In 2012, a Martis Camp home cost an average of $924/sq. ft. which increased by almost 9% from $852 in 2011.
Martis Camp Lot Sales: In 2012 we experienced a 71% increase in lot resales, going from 14 lots sold in 2011 to 24 in 2012. The average sales price increased by 39%, from $591,000 to $819,000. The median sales price increased by over 20% from 2011 to 2012, $600,000 to $717,000 respectively. The sales price of lots ranged from a low of $325,000 to a high of $1,961,000.
Martis Camp Homes for Sale (Listings): There are 8 single family residences for sale as of this writing. The median asking price of a home in Martis Camp is approximately $5.3M and the average asking price is $5.8M. The price range of homes starts at $3.0M and tops out at $9.8M.
Martis Camp Lots for Sale (Listings): There are currently 20 lots for sale, at a median price of $1.2M and an average price of $1.3M. The lots listed for sale range in price from a low of $700,000 to a high of $3,200,000.