Lebanon: Annual single family home sales increased from 158 homes sold in 2016 to 166 in 2017. Average annual sale price remained virtually unchanged year to year at $257,000. Total homes listed increased from 209 in 2016 to 219 in 2017. 4th quarter sales increased from 30 units in 2016 to 34 in 2017, average sale price for the period again remained relatively unchanged increasing by 1%.
Condo sales in Lebanon were heavily influenced by the completion of 12 Morgan Drive in Centerra. Unit sales rose from 30 in 2016 to 60 in 2017 with this new community arriving in the marketplace. Average sales price increased from $188,414 in 2016 to $243,504 in 2017 again due entirely to Morgan Drive sales. Many of these sales occurred in the 4th quarter of 2017 pushing the sold units from 5 in 2016 to 28 in 2017.