Shoreline Real Estate Market Report – FEBRUARY 2025
The real estate market data reveals a decline in key metrics year over year (YoY):
Total Sales Decline: Sales have decreased by 23% YoY, from 26 transactions in 2024 to 20 in 2025. However, there is an increase compared to last month’s 15 sales.
Several factors may be influencing the number of sales:
- High Interest Rates: The increase in interest rates has made housing less affordable, resulting in fewer buyers entering the market.
- Economic Uncertainty: Concerns about job stability, inflation, and other economic factors are reducing buyer confidence.
- Typical Seasonal Fluctuations: Sales often slow during winter before increasing in the peak spring buying season.
Median Price Decrease: The median price has declined by 6.7% YoY, from $830,150 in 2024 to $774,500 in 2025. This represents a further decrease from last month’s $799,000.
Price Per Square Foot Slightly Down: The average price per square foot has decreased by 1.2% YoY, from $505 in 2024 to $499 in 2025. Nevertheless, it remains higher than last month’s $474.
Days on Market Improved: Homes are selling faster, with the average days on the market down by 43% YoY, from 51 days in 2024 to 29 days in 2025. This also marks an improvement from last month’s 48 days.
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Shoreline Real Estate Market Report – JANUARY 2025
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Sales Volume Decline – The total number of sales dropped 40% year over year (YoY), from 25 sales in January 2024 to just 15 in January 2025. Additionally, sales fell sharply from 44 transactions last month, suggesting a seasonal slowdown.
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Median Price Drop – The median sale price fell by 7.6% YoY, from $865,000 in 2024 to $799,000 in 2025. This also represents a decline from last month’s $844,367, indicating downward price pressure.
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Price per Square Foot Decrease – The average price per square foot declined by 3.5% YoY, from $491 in 2024 to $474 in 2025. This suggests buyers negotiating better deals during our seasonally slow market.
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Days on Market Improving – The average time to sell a home decreased by 23% YoY, from 62 days in 2024 to 48 days in 2025. While homes are selling faster compared to last year, the increase in days on market from last month suggests shifting demand dynamics, possibly due to affordability constraints or a changing buyer mindset.
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Shoreline Real Estate Market Report – NOVEMBER
Closed sales increased significantly from 29 in November 2023 to 40 in November 2024 but were down substantially from 57 sales last month.
The Median Price was higher in October 2024 ($816,000) and dropped to $780,000 in November 2024. Compared to November 2023 ($799,950), there is a year-over-year decline in median price.
The market slowed down significantly in November 2024, with properties taking longer to sell (43 days) than last month (27 days), in line with our typical seasonal variations.
Price per Square Foot rose significantly from $446 in November 2023 to $514 in October 2024, before slightly dropping to $479 in November 2024. This still reflects a substantial year-over-year increase in value.
Market Dynamics: November 2024 showed a cooling off compared to October but was still more active compared to November 2023.
Pricing Trends: Despite fluctuations in sales volume, the price per square foot has been on a general upward trend from November 2023 to November 2024, indicating a steady appreciation in property values. Hopefully, these insights can help in understanding market trends and making informed real estate decisions.
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Shoreline Real Estate Market Report – OCTOBER.
The October 2024 Shoreline real estate market shows significant changes compared to October 2023:
- Total Sales: Increased by 68%, with 57 homes sold in 2024, up from 34 in 2023.
- Median Price: Decreased by 4%, dropping from $848,000 in 2023 to $816,000 in 2024.
- Average Price per Square Foot: Rose by 10%, reaching $514 in 2024 compared to $469 in 2023.
- Average Days on Market: Reduced by 18%, with homes staying on the market for 27 days in 2024 versus 33 days in 2023.
These trends indicate a more active market with higher sales volume and faster turnover, despite a slight decrease in median home prices.
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Shoreline Real Estate Market Report – September.
The Shoreline real estate market continues to show strong growth. Compared to 2023, the median price has risen by 8%, signaling a healthy appreciation in home values. Total sales have increased by 14%, reflecting an uptick in buyer activity. Additionally, the average price per square foot has climbed by 9%, further indicating demand for homes in the area.
One of the most telling indicators of a competitive market is the average days on market, which has decreased by 7%, suggesting that homes are selling faster. With these trends, Shoreline remains a dynamic and sought-after market for both buyers and sellers.
Shoreline Real Estate Market Trends
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