By KIM ESTES, Four Points News
The median sales price for homes in Grandview Hills increased by a large 29 percent from 2013 to 2014, while dropping 2.79 percent in River Place. Noting that the number of homes sold in Grandview Hills fell a simultaneous 30 percent, from 26 to 18, Craig Smyser, with RE/MAX Capital City, said, “The data set of homes sold is small, so there is always more distortion in these cases.”
“While there is some correlation to lower supply resulting in higher prices,” Smyser said, “these two numbers are too dramatic to account for all the swing.
“Sometimes, it just happens to be a mix of a few more higher-end homes selling more than usual,” Smyser said.
Median Sale Price 2013- 2014
Grandview Hills
2014 $432,500
2013 $335,000
29% increase
River Place
2014 $555,000
2013 $570,900
2.79% decrease
Steiner Ranch
2014 $431,650
2013 $410,000
5.28% increase
Westminster Glen
2014 $975,000
2013 $950,000
2.26% increase
*Source:Craig Smyser, with RE/MAX Capital City




