The Reel

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A blog for breaking sales and neighborhood real estate news.

According to Massey Knakal Research, sales activity in 1H14 was one of the strongest half-years ever.  In 1H14, 2,643 properties sold, the third highest bi-annual result following 1H07 (2,738) and 2H12 (2,690).  The number of properties sold during the last four quarters (3Q13 to 2Q14) mark the strongest four quarter period ever - exceeding the strongest 12 month period of the 06/07 boom.

Additionally, 1H14 citywide dollar volume was $27.4 billion, the strongest first half since 2007.  Pricing was $421 per square foot, up 8.4% from 2013's annual average.