Median Sale Price Skyrockets in 29401

Interesting data from the 29401 zip code. The volume of sales are down, which is to be expected. But the interesting thing is that the median sales price, which has been hovering around $800k in recent years, shot way up to over $1.8 million in the first quarter of 2009 according to city data. So while sales for the more modesly priced properties are slowing it appears, there are still a good amount of luxury properties being sold. The data also shows that there are 1,352 houses in the 29401 zip code that are estimated to be worth $1 million or more, and 843 that are estimated to be worth between $500k and $1 million.