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Spring East & Northeast
2023 Q1 Summary Review of Sold Properties
Q1 YoY Units Sold
Similar seasonality in Q1 2023 as Q1 2022. Q1 2023 with fewer units sold but on track to reactivate the volume of units sold.
| Spring E-NE | 2022 | Jan | 209 |
| Feb | 231 | ||
| Mar | 301 | ||
| 2023 | Jan | 136 | |
| Feb | 198 | ||
| Mar | 265 |
Q1 YoY Median Price Sold
Median price increased in Q1 2023 by 12% compared to Q1 2022.
| Spring E-NE | 2022 | Jan | $280,240 |
| Feb | $300,000 | ||
| Mar | $307,000 | ||
| 2023 | Jan | $363,668 | |
| Feb | $314,758 | ||
| Mar | $316,515 |
Q1 YoY Total Sales
Same seasonal situation as in units and total value sold in 1Q 2023, in recovery process.
| Spring E-NE | 2022 | Jan | $70,608,029 |
| Feb | $81,882,661 | ||
| Mar | $108,211,085 | ||
| 2023 | Jan | $53,267,463 | |
| Feb | $69,584,797 | ||
| Mar | $98,652,684 |
Q1 YoY $/Sqft Sold
Median price per square foot sold in Q1 2023 shows growth vs. Q1 2022, but with a healthy increase of approximately 7%.
| Spring E-NE | 2022 | Jan | $140.87 |
| Feb | $145.74 | ||
| Mar | $147.35 | ||
| 2023 | Jan | $157.68 | |
| Feb | $152.49 | ||
| Mar | $154.51 |
The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. The Grijalva Group, LLC. does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. The Grijalva Group LLC. will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.