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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.
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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.
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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
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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
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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.
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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.
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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...
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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...
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Wednesday April 2nd Numbers
2008-04-12 16:21:00
Wednesday (April 2nd) brought 36 new listings versus 2 sales-for a sell/list ratio of 5.56%.The 14 day rolling sell/list ratio now stands at 61.19%.Average list price of the sales was $229,900 & average sales price was $232,500.Both went over asking price.
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Tuesday April 1st Numbers
2008-04-12 16:02:00
Tuesday (April 1st) brought 53 new listings versus 49 sales-for a sell/list ratio of 92.45%.The 14 day rolling sell/list ratio now stands at 67.56%.Average list price of the sales was $211,273 & average sales price was $206,084.This means that average sales price today sold below the list by $5190 or 2.4%.Of the 49 sales that occurred, 7 sold at or above over the asking price.That's 14% of the listings sold either at or over the asking price.
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Monday March 31st Numbers (& The Weekend)
2008-04-12 15:59:00
Monday (March 31st) & the long weekend brought 60 new listings versus 20 sales-for a sell/list ratio of 33.33%.The 14 day rolling sell/list ratio now stands at 64.65%.Average list price of the sales was $199,345 & average sales price was $196,700.This means that average sales price today sold below the list by $2645 or 1.3%.Of the 20 sales that occurred, 6 sold at or above over the asking price.That's 30% of the listings sold either at or over the asking price.
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Friday March 28th Numbers
2008-03-30 14:43:00
Friday (March 28th) & the long weekend brought 34 new listings versus 24 sales-for a sell/list ratio of 70.59%.The 14 day rolling sell/list ratio now stands at 67.01%.Average list price of the sales was $234,166 & average sales price was $229,142.This means that average sales price today sold below the list by $5025 or 2%.Of the 24 sales that occurred, 5 sold at or above over the asking price.That's 21% of the listings sold either at or over the asking price.
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Thursday March 27th Numbers
2008-03-30 14:25:00
Thursday (March 27th) & the long weekend brought 32 new listings versus 36 sales-for a sell/list ratio of 112.50%.The 14 day rolling sell/list ratio now stands at 66.89%.Average list price of the sales was $213,577 & average sales price was $209,263.This means that average sales price today sold below the list by $4315 or 2%.Of the 36 sales that occurred, 4 sold at or above over the asking price.That's 11% of the listings sold either at or over the asking price.
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Wednesday March 26th Numbers
2008-03-27 00:59:00
Wednesday (March 26th) & the long weekend brought 42 new listings versus 15 sales-for a sell/list ratio of 35.71%.The 14 day rolling sell/list ratio now stands at 64.83%.Average list price of the sales was $231,651 & average sales price was $227,019.This means that average sales price today sold below the list by $4632 or 2%.Of the 15 sales that occurred, 2 sold at or above over the asking price.That's 13% of the listings sold either at or over the asking price.
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Tuesday March 25th Numbers
2008-03-27 00:52:00
Tuesday (March 25th) & the long weekend brought 47 new listings versus 41 sales-for a sell/list ratio of 87.23%.The 14 day rolling sell/list ratio now stands at 64.34%.Average list price of the sales was $245,595 & average sales price was $237,651.This means that average sales price today sold below the list by $7944 or 3.2%.Of the 41 sales that occurred, 9 sold at or above over the asking price.That's 22% of the listings sold either at or over the asking price.
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Monday March 24 & the Long Weeked Numbers
2008-03-27 00:43:00
Monday (March 24th) & the long weekend brought 39 new listings versus 34 sales-for a sell/list ratio of 87.18%.The 14 day rolling sell/list ratio now stands at 64.71%.Average list price of the sales was $195,134 & average sales price was $188,174.This means that average sales price today sold below the list by $6960 or 3.57%.Of the 34 sales that occurred, 2 sold at or above over the asking price.That's 6% of the listings sold either at or over the asking price.
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Thursday March 20th Numbers
2008-03-27 00:33:00
Thursday (March 20th) brought 51 new listings versus 24 sales-for a sell/list ratio of 47.06%.The 14 day rolling sell/list ratio now stands at 60.42%.Average list price of the sales was $194,285 & average sales price was $189,190.This means that average sales price today sold below the list by $5096 or 2.62%.Of the 24 sales that occurred, 4 sold at or above over the asking price.That's 17% of the listings sold either at or over the asking price.
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Wednesday March 19th Numbers
2008-03-27 00:19:00
Wednesday (March 19th) brought 44 new listings versus 35 sales-for a sell/list ratio of 79.55%.The 14 day rolling sell/list ratio now stands at 63.76%.Average list price of the sales was $210,823 & average sales price was $204,866.This means that average sales price today sold below the list by $5956 or 2.83%.Of the 35 sales that occurred, 3 sold at or above over the asking price.That's 9% of the listings sold either at or over the asking price.
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Tuesday March 18th Numbers
2008-03-27 00:03:00
Tuesday (March 18th) & the weekend brought 47 new listings versus 22 sales-for a sell/list ratio of 46.81%.The 14 day rolling sell/list ratio now stands at 61.19%.Average list price of the sales was $217,068 & average sales price was $214,936.This means that average sales price today sold below the list by $2132 or 0.98%.Of the 22 sales that occurred, 5 sold at or above over the asking price.That's 23% of the listings sold either at or over the asking price.
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February 2008: Official Stats
2008-03-21 22:20:00
February 2008 "official" stats are out & we've finally updated our charts for the month (sorry for the delay).Average Sales Price YTD (year-to-date) for February 2007 was $208,823 & February 2008 it is now $230,580 - 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 so...
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Monthly Comparison: LONDON in February 2008
2008-03-18 01:31:00
Anyone else picking up some rental properties before the spring housing fever hits and before mortgage rates head lower?We've compiled the complete monthly stats for 2008 .html">February 2008 for my target area, but before we get to them here is the usual clarification:These numbers represent LONDON ONLY and my target area is London residential and multi-family housing. Thus, when the MLS stats come out in a week or so -and will be presented here as well such as they were in past months- the numbers will be much different. That is because those numbers will represent London & area and only residential(whereas I include multi-family property).First up as always, monthly prices.... & Prices strengthened slightly both on the listing side & on the sales price side as compared to the previous month. January's average list price was $218,125 & sale price average was $212,846. February came in at average list price of $242,869 & average sale $238,236:Sales for Februaryt were ligh...
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Monday March 17th (& The Weekend) Numbers
2008-03-18 01:25:00
Monday (March 17th) & the weekend brought 42 new listings versus 36 sales-for a sell/list ratio of 85.71%.The 14 day rolling sell/list ratio now stands at 61.83%.Average list price of the sales was $214,110 & average sales price was $209,453.This means that average sales price today sold below the list by $4657 or 2.2%.Of the 36 sales that occurred, 5 sold at or above over the asking price.That's 14% of the listings sold either at or over the asking price.
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Friday March 14th Numbers
2008-03-18 01:20:00
Friday (March 14th) brought 49 new listings versus 10 sales-for a sell/list ratio of 20.41%.The 14 day rolling sell/list ratio now stands at 59.87%.Average list price of the sales was $214,020 & average sales price was $209,280.This means that average sales price today sold below the list by $4740 or 2.2%.Of the 10 sales that occurred, 2 sold at or above over the asking price.That's 20% of the listings sold either at or over the asking price.
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