london real estate diagnosis

RSS Feed Homepage

Articles: 1, 2, 3, 4, 5, 6, 7

Friday May 9th Numbers
2008-05-13 01:16:00
Friday (May 9th) brought 50 new listings versus 33 sales-for a sell/list ratio of 66%.The 14 day rolling sell/list ratio now stands at 50.31%.Average list price of the sales was $220,782 & average sales price was $215,526.This means that average sales price today sold below the list by $5256 or 2.4%.Of the 33 sales that occurred, 7 sold at or above over the asking price.That's 21% of the listings sold either at or over the asking price.
More About: Friday , Numbers

Thursday May 8th Numbers
2008-05-13 01:12:00
Thursday (May 8th) brought 52 new listings versus 13 sales-for a sell/list ratio of 25%.The 14 day rolling sell/list ratio now stands at 47.18%.Average list price of the sales was $240,531 & average sales price was $234,985.This means that average sales price today sold below the list by $5546 or 2.4%.Of the 13 sales that occurred, 2 sold at or above over the asking price.That's 15% of the listings sold either at or over the asking price.
More About: Numbers , Thursday

Wednesday May 7th Numbers
2008-05-13 01:07:00
Wednesday (May 7th) brought 50 new listings versus 15 sales-for a sell/list ratio of 30%.The 14 day rolling sell/list ratio now stands at 50.43%.Average list price of the sales was $199,567 & average sales price was $197,623.This means that average sales price today sold below the list by $5213 or 1.0%.Of the 15 sales that occurred, 5 sold at or above over the asking price.That's 33% of the listings sold either at or over the asking price.
More About: Numbers , Wednesday

Tuesday May 6th Numbers
2008-05-13 01:01:00
Tuesday (May 6th) brought 55 new listings versus 39 sales-for a sell/list ratio of 70.91%.The 14 day rolling sell/list ratio now stands at 52.64%.Average list price of the sales was $237,621 & average sales price was $232,408.This means that average sales price today sold below the list by $5213 or 2.2%.Of the 39 sales that occurred, 15 sold at or above over the asking price.That's 38% of the listings sold either at or over the asking price.
More About: Numbers , Tuesday

Monday May 5th & The Weekend Numbers
2008-05-13 00:50:00
Monday (May 5th) & the weekend brought 112 new listings versus 32 sales-for a sell/list ratio of 28.57%.The 14 day rolling sell/list ratio now stands at 51.10%.Average list price of the sales was $232,542 & average sales price was $226,488.This means that average sales price today sold below the list by $6055 or 2.6%.Of the 32 sales that occurred, 7 sold at or above over the asking price.That's 22% of the listings sold either at or over the asking price.
More About: Weekend , Numbers , Monday

Strong May 2008 thus far?
2008-05-08 16:24:00
Just wanted to quickly point out that we are now into one of our typically strongest months of the year, May, and we are already at 170 sales in just 5 business days (I've been a little behind in posting the daily numbers, I'll get them up shortly). That's pretty good considering all the negative real estate news out there right now about a "housing cool off" that you've probably been hearing.Should we continue this pace, we'll have a strong May again - maybe not as strong as 2007 record smashing May of 875 sales - but right now we are averaging 34 sales a day in May 2008 . Last year there was 22 business days in the month of May 2007 and in that month we averaged 39 sales per day. We should monitor this month very closely as May usually is quite strong, historically speaking. In this month however there is only 21 business days so keep that in mind when the London Free Press reports its statistical numbers in the first week of June.If you look at the past months that can be vie...
More About: Strong

Friday May 2nd Numbers
2008-05-04 18:28:00
Friday (May 2nd) brought 47 new listings versus 43 sales-for a sell/list ratio of 91.49%.The 14 day rolling sell/list ratio now stands at 54.25%.Average list price of the sales was $227,364 & average sales price was $223,953.This means that average sales price today sold below the list by $3410 or 1.5%.Of the 43 sales that occurred, 8 sold at or above over the asking price.That's 19% of the listings sold either at or over the asking price.
More About: Friday , Numbers

Thursday May 1st Numbers
2008-05-04 18:05:00
Thursday (May 1st) brought 63 new listings versus 53 sales-for a sell/list ratio of 84.13%.The 14 day rolling sell/list ratio now stands at 51.15%.Average list price of the sales was $226,466 & average sales price was $220,735.This means that average sales price today sold below the list by $5731 or 2.5%.Of the 53 sales that occurred, 13 sold at or above over the asking price.That's 25% of the listings sold either at or over the asking price.
More About: Numbers , Thursday

Wednesday April 30th Numbers
2008-05-04 17:57:00
Wednesday (April 30th) brought 52 new listings versus 22 sales-for a sell/list ratio of 42.31%.The 14 day rolling sell/list ratio now stands at 50.19%.Average list price of the sales was $202,986 & average sales price was $198,545.This means that average sales price today sold below the list by $4441 or 2.2%.Of the 22 sales that occurred, 4 sold at or above over the asking price.That's 18% of the listings sold either at or over the asking price.
More About: Numbers , Wednesday

Tuesday April 29th Numbers
2008-04-30 03:42:00
Tuesday (April 29th) brought 46 new listings versus 24 sales-for a sell/list ratio of 52.17%.The 14 day rolling sell/list ratio now stands at 51.55%.Average list price of the sales was $200,304 & average sales price was $193,992.This means that average sales price today sold below the list by $6313 or 3.2%.Of the 24 sales that occurred, 3 sold at or above over the asking price.That's 13% of the listings sold either at or over the asking price.
More About: Numbers , Tuesday

Monday April 28th & The Weekend Numbers
2008-04-29 02:13:00
Monday (April 28th) & the weekend brought 71 new listings versus 23 sales-for a sell/list ratio of 32.39%.The 14 day rolling sell/list ratio now stands at 49.18%.Average list price of the sales was $231,661 & average sales price was $228,333.This means that average sales price today sold below the list by $3328 or 1.4%.Of the 23 sales that occurred, 9 sold at or above over the asking price.That's 39% of the listings sold either at or over the asking price.
More About: Weekend , Numbers , Monday

Friday April 25th Numbers
2008-04-26 17:31:00
Friday (April 25th) brought 42 new listings versus 27 sales-for a sell/list ratio of 64.29%.The 14 day rolling sell/list ratio now stands at 52.80%.Average list price of the sales was $200,426 & average sales price was $190,363.This means that average sales price today sold below the list by $10062 or 5.0%.Of the 27 sales that occurred, 6 sold at or above over the asking price.That's 22% of the listings sold either at or over the asking price.
More About: Friday , Numbers

Thursday April 24th Numbers
2008-04-26 17:18:00
Thursday (April 24th) brought 59 new listings versus 39 sales-for a sell/list ratio of 66.10%.The 14 day rolling sell/list ratio now stands at 52.84%.Average list price of the sales was $171,462 & average sales price was $166,524.This means that average sales price today sold below the list by $4937 or 2.9%.Of the 39 sales that occurred, 5 sold at or above over the asking price.That's 13% of the listings sold either at or over the asking price.
More About: Numbers , Thursday

Wednesday April 23rd Numbers
2008-04-26 17:10:00
Wednesday (April 23rd) brought 36 new listings versus 19 sales-for a sell/list ratio of 52.78%.The 14 day rolling sell/list ratio now stands at 48.47%.Average list price of the sales was $241,234 & average sales price was $236,837.This means that average sales price today sold below the list by $4396 or 1.8%.Of the 19 sales that occurred, 3 sold at or above over the asking price.That's 16% of the listings sold either at or over the asking price.
More About: Numbers , Wednesday

Tuesday April 22nd Numbers
2008-04-26 16:49:00
Tuesday (April 22nd) brought 62 new listings versus 19 sales-for a sell/list ratio of 30.65%.The 14 day rolling sell/list ratio now stands at 48.11%.Average list price of the sales was $220,237 & average sales price was $217,721.This means that average sales price today sold below the list by $2516 or 1.1%.Of the 17 sales that occurred, 5 sold at or above over the asking price.That's 29% of the listings sold either at or over the asking price.
More About: Numbers , Tuesday

Monday April 21st & The Weekend Numbers
2008-04-26 16:39:00
Monday (April 21st) & the weekend brought 69 new listings versus 17 sales-for a sell/list ratio of 24.64%.The 14 day rolling sell/list ratio now stands at 47.55%.Average list price of the sales was $258,312 & average sales price was $252,541.This means that average sales price today sold below the list by $5771 or 2.2%.Of the 17 sales that occurred, 4 sold at or above over the asking price.That's 24% of the listings sold either at or over the asking price.
More About: Weekend , Numbers , Monday

Friday April 18th Numbers
2008-04-26 16:33:00
Friday (April 18th) brought 59 new listings versus 43 sales-for a sell/list ratio of 72.88%.The 14 day rolling sell/list ratio now stands at 52.63%.Average list price of the sales was $209,581 & average sales price was $207,276.This means that average sales price today sold below the list by $2306 or 1.1%.Of the 43 sales that occurred, 10 sold at or above over the asking price.That's 23% of the listings sold either at or over the asking price.
More About: Friday , Numbers

Thursday April 17th Numbers
2008-04-26 16:27:00
Thursday (April 17th) brought 42 new listings versus 29 sales-for a sell/list ratio of 69.05%.The 14 day rolling sell/list ratio now stands at 49.62%.Average list price of the sales was $219,310 & average sales price was $214,906.This means that average sales price today sold below the list by $4404 or 2.0%.Of the 29 sales that occurred, 7 sold at or above over the asking price.That's 24% of the listings sold either at or over the asking price
More About: Numbers , Thursday

Wednesday April 16th Numbers
2008-04-26 16:12:00
Wednesday (April 16th) brought 60 new listings versus 29 sales-for a sell/list ratio of 48.33%.The 14 day rolling sell/list ratio now stands at 52.28%.Average list price of the sales was $221,828 & average sales price was $215,417.This means that average sales price today sold below the list by $6410 or 2.9%.Of the 29 sales that occurred, 5 sold at or above over the asking price.That's 17% of the listings sold either at or over the asking price
More About: Numbers , Wednesday

Tuesday April 15th Numbers
2008-04-26 16:03:00
Tuesday (April 15th) brought 57 new listings versus 28 sales-for a sell/list ratio of 49.12%.The 14 day rolling sell/list ratio now stands at 52.28%.Average list price of the sales was $220,714 & average sales price was $216,054.This means that average sales price today sold below the list by $4661 or 2.1%.Of the 28 sales that occurred, 2 sold at or above over the asking price.That's 7% of the listings sold either at or over the asking price.
More About: Numbers , Tuesday

Monday April 14th Numbers
2008-04-26 15:55:00
Monday (April 14th) & the weekend brought 68 new listings versus 30 sales-for a sell/list ratio of 44.12%.The 14 day rolling sell/list ratio now stands at 51.58%.Average list price of the sales was $246,758 & average sales price was $242,177.This means that average sales price today sold below the list by $4582 or 1.9%.Of the 30 sales that occurred, 5 sold at or above over the asking price.That's 17% of the listings sold either at or over the asking price.
More About: Numbers , Monday

MOI (Months of Inventory) March 2008
2008-04-13 17:48:00
Time for our monthly inventory (MOI) report.The Months of Inventory -MOI- is basically a ratio of the Inventory of homes for sale by the number of homes that have sold over a period of time.The higher the months of inventory, the slower the market and visa versa. Keeping in mind the following before reviewing the charts below:Generally, 4-6 months of inventory signals a balanced market, less than that would undoubtedly be a very strong Seller?s market, & more than that would be a Buyer?s market. In the most basic sense, a strong market will have an MOI of under 5 (As an extreme measure, from what I've been hearing, some of the crashing markets in the US like Phoenix Arizona have MOI of over 15, some over 20 months).Residential (single family) Activity by Area for March 2008 :Residential (single family) Activity by Area for the previous year, March 2007:As of today the current active listings on mls is 4389. And we have the number of closed sales at 512:This means that if no othe...
More About: March 2008

March 2008 Official Stats
2008-04-13 17:02:00
March 2008 "official" stats are out & we've updated our charts for the month. Average Sales Price YTD (year-to-date) for March 2007 was $212,357 & March 2008 it is now $228,646 - this part includes London and area. That's the only information in this post that is. I'll explain in more detail, but this pretty much corresponds to the information in my target area of just London for this month.... Click here for that report.Confused about what I'm talking about regarding target area & official stats & stuff? Allow me to clarify:The following information is a breakdown of residential (SFH) activity only & also I've omitted the St. Thomas & area. This information is according to London & St. Thomas Board of Realtor's Stats . This is the info you read about in the public & local media. I however, only track London & I omit St. Thomas and area. My stats are found here. The stats I track myself are from my own sources, so I like to compare them to th...
More About: March , Official , March 2008

Friday April 11th Numbers
2008-04-12 17:30:00
Friday (April 11th) brought 54 new listings versus 41 sales-for a sell/list ratio of 75.93%.The 14 day rolling sell/list ratio now stands at 54.66%.Average list price of the sales was $201,478 & average sales price was $198,446.This means that average sales price today sold below the list by $3032 or 1.5%.Of the 41 sales that occurred, 7 sold at or above over the asking price.That's 17% of the listings sold either at or over the asking price.
More About: Friday , Numbers

Thursday April 10th Numbers
2008-04-12 17:17:00
Thursday (April 10th) brought 51 new listings versus 32 sales-for a sell/list ratio of 62.75%.The 14 day rolling sell/list ratio now stands at 54.83%.Average list price of the sales was $216,819 & average sales price was $214,122.This means that average sales price today sold below the list by $2697 or 1.2%.Of the 32 sales that occurred, 9 sold at or above over the asking price.That's 28% of the listings sold either at or over the asking price.
More About: Numbers , Thursday

Wednesday April 9th Numbers
2008-04-12 17:04:00
Wednesday (April 9th) brought 61 new listings versus 13 sales-for a sell/list ratio of 21.31%.The 14 day rolling sell/list ratio now stands at 53.68%.Average list price of the sales was $230,346 & average sales price was $224,869.This means that average sales price today sold below the list by $5477 or 2.4%.Of the 13 sales that occurred, 2 sold at or above over the asking price.That's 15% of the listings sold either at or over the asking price.
More About: Numbers , Wednesday

Tuesday April 8th Numbers
2008-04-12 16:52:00
Tuesday (April 8th) brought 60 new listings versus 46 sales-for a sell/list ratio of 76.67%.The 14 day rolling sell/list ratio now stands at 58.28%.Average list price of the sales was $215,492 & average sales price was $210,210.This means that average sales price today sold below the list by $5282 or 2.45%.Of the 46 sales that occurred, 4 sold at or above over the asking price.That's 9% of the listings sold either at or over the asking price.
More About: Numbers , Tuesday

Monday April 7th Numbers
2008-04-12 16:42:00
Monday (April 7th) & the weekend brought 71 new listings versus 18 sales-for a sell/list ratio of 25.35%.The 14 day rolling sell/list ratio now stands at 55.81%.Average list price of the sales was $197,878 & average sales price was $195,228.This means that average sales price today sold below the list by $2650 or 1.3%.Of the 18 sales that occurred, 4 sold at or above over the asking price.That's 22% of the listings sold either at or over the asking price.
More About: Numbers , Monday

Friday April 4th Numbers
2008-04-12 16:34:00
Friday (April 4th) brought 59 new listings versus 23 sales-for a sell/list ratio of 38.98%.The 14 day rolling sell/list ratio now stands at 61.20%.Average list price of the sales was $231,345 & average sales price was $225,743.This means that average sales price today sold below the list by $5601 or 2.4%.Of the 23 sales that occurred, 5 sold at or above over the asking price.That's 22% of the listings sold either at or over the asking price.
More About: Friday , Numbers

Thursday April 3rd Numbers
2008-04-12 16:25:00
Thursday (April 3rd) brought 48 new listings versus 27 sales-for a sell/list ratio of 56.25%.The 14 day rolling sell/list ratio now stands at 60.10%.Average list price of the sales was $211,415 & average sales price was $205,680.This means that average sales price today sold below the list by $5735 or 2.7%.Of the 27 sales that occurred, 3 sold at or above over the asking price.That's 11% of the listings sold either at or over the asking price.
More About: Numbers , Thursday