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london real estate diagnosislondon real estate diagnosisEvaluates the real estate market here in London on a daily basis. When will it reverse downward? Will it CRASH? Is now a good time to buy? These questions are addressed and more. Articles
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. More About: Numbers , Wednesday
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. More About: Numbers , Tuesday
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. More About: Weekend , Numbers , Monday
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. More About: Friday , Numbers
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. More About: Numbers , Thursday
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. More About: Numbers , Wednesday
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. More About: Numbers , Tuesday
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. More About: Numbers , Long , Monday
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. More About: Numbers , Thursday
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. More About: Numbers , Wednesday
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. More About: Numbers , Tuesday
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... More About: Official , February 2008 , February
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... More About: Comparison
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. More About: Weekend , Numbers , Monday
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. More About: Friday , Numbers
Thursday March 13th Numbers
2008-03-18 01:16:00 Thursday (March 13th) brought 27 new listings versus 21 sales-for a sell/list ratio of 77.78%.The 14 day rolling sell/list ratio now stands at 59.64%.Average list price of the sales was $211,981 & average sales price was $204,971.This means that average sales price today sold below the list by $7009 or 3.3%.Of the 21 sales that occurred, 4 sold at or above over the asking price.That's 19% of the listings sold either at or over the asking price. More About: Numbers , Thursday
Wednesday March 12th Numbers
2008-03-18 01:09:00 Wednesday (March 12th) brought 31 new listings versus 39 sales-for a sell/list ratio of 119.35%.The 14 day rolling sell/list ratio now stands at 61.75%.Average list price of the sales was $231,992 & average sales price was $227,429.This means that average sales price today sold below the list by $4563 or 2%.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 , Wednesday
Tuesday March 11th Numbers
2008-03-18 00:50:00 Tuesday (March 11th) brought 49 new listings versus 29 sales-for a sell/list ratio of 59.18%.The 14 day rolling sell/list ratio now stands at 57.81%.Average list price of the sales was $224,166 & average sales price was $220,524.This means that average sales price today sold below the list by $3641 or 1.6%.Of the 29 sales that occurred, 6 sold at or above over the asking price.That's 21% of the listings sold either at or over the asking price. More About: Numbers , Tuesday
Monday (March 10th) Numbers
2008-03-11 03:04:00 Monday (March 10th) brought 54 new listings versus 30 sales-for a sell/list ratio of 55.56%.The 14 day rolling sell/list ratio now stands at 59.29%.Average list price of the sales was $202,267 & average sales price was $197,861.This means that average sales price today sold below the list by $4406 or 2.2%.Of the 30 sales that occurred, 6 sold at or above over the asking price.That's 20% of the listings sold either at or over the asking price. More About: Numbers , Monday
Friday (March 7th) Numbers
2008-03-11 02:53:00 Friday (March 7th) brought 47 new listings versus 32 sales-for a sell/list ratio of 68.09%.The 14 day rolling sell/list ratio now stands at 57.30%.Average list price of the sales was $199,644 & average sales price was $197,182.This means that average sales price today sold below the list by $2462 or 1.23%.Of the 32 sales that occurred, 6 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 (March 7th) Numbers
2008-03-11 02:47:00 Thursday (March 6th) brought 48 new listings versus 34 sales-for a sell/list ratio of 70.83%.The 14 day rolling sell/list ratio now stands at 56.96%.Average list price of the sales was $193,252 & average sales price was $190,199.This means that average sales price today sold below the list by $3054 or 1.58%.Of the 34 sales that occurred, 11 sold at or above over the asking price.That's 32% of the listings sold either at or over the asking price. More About: Numbers , Thursday
Wednesday (March 5th) Numbers
2008-03-11 02:42:00 Wednesday (March 5th) brought 42 new listings versus 12 sales-for a sell/list ratio of 28.57%.The 14 day rolling sell/list ratio now stands at 57.29%.Average list price of the sales was $165,808 & average sales price was $159,029.This means that average sales price today sold below the list by $6779 or 4.1%.Of the 12 sales that occurred, 1 sold at or above over the asking price.That's 8% of the listings sold either at or over the asking price. More About: Numbers , Wednesday
Tuesday (March 4th) Numbers
2008-03-11 02:29:00 Tuesday (March 4th) brought 42 new listings versus 40 sales-for a sell/list ratio of 95.24%.The 14 day rolling sell/list ratio now stands at 62.02%.Average list price of the sales was $219,941 & average sales price was $216,260.This means that average sales price today sold below the list by $3681 or 1.7%.Of the 40 sales that occurred, 11 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 , Tuesday
Monday (March 3rd) Numbers
2008-03-11 02:22:00 Monday (March 3rd) brought 51 new listings versus 15 sales-for a sell/list ratio of 29.41%.The 14 day rolling sell/list ratio now stands at 61.27%.Average list price of the sales was $233,607 & average sales price was $227,649.This means that average sales price today sold below the list by $5958 or 2.6%.Of the 15 sales that occurred, 1 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 , Monday
Friday (Feb 29th) Numbers
2008-03-11 00:53:00 Friday (Feb 29th) brought 34 new listings versus 34 sales-for a sell/list ratio of 100.00%.The 14 day rolling sell/list ratio now stands at 59.52%.Average list price of the sales was $226,215 & average sales price was $219,243.This means that average sales price today sold below the list by $6972 or 3.1%.Of the 34 sales that occurred, 4 sold at or above over the asking price.That's 12% of the listings sold either at or over the asking price. More About: Friday , Numbers
Thursday (Feb 28th) Numbers
2008-03-11 00:48:00 Thursday (Feb 28th) brought 40 new listings versus 17 sales-for a sell/list ratio of 54.55%.The 14 day rolling sell/list ratio now stands at 59.83%.Average list price of the sales was $286,371 & average sales price was $282,523.This means that average sales price today sold below the list by $3848 or 1.3%.Of the 17 sales that occurred, 3 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 , Thursday
Wednesday (Feb 27th) Numbers
2008-03-11 00:42:00 Wednesday (Feb 27th) brought 44 new listings versus 24 sales-for a sell/list ratio of 54.55%.The 14 day rolling sell/list ratio now stands at 63.50%.Average list price of the sales was $236,804 & average sales price was $230,138.This means that average sales price today sold below the list by $6667 or 2.8%.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 , Wednesday
Tuesday (Feb 26th) Numbers
2008-03-11 00:36:00 Tuesday (Feb 26th) brought 40 new listings versus 23 sales-for a sell/list ratio of 57.50%.The 14 day rolling sell/list ratio now stands at 59.93%.Average list price of the sales was $206,752 & average sales price was $203,848.This means that average sales price today sold below the list by $2904 or 1.4%.Of the 23 sales that occurred, 6 sold at or above over the asking price.That's 26% of the listings sold either at or over the asking price. More About: Numbers , Tuesday
Monday (Feb 25th) Numbers
2008-03-09 17:09:00 Monday (Feb 25th) brought 68 new listings versus 20 sales-for a sell/list ratio of 29.41%.The 14 day rolling sell/list ratio now stands at 60.26%.Average list price of the sales was $207,461 & average sales price was $203,125.This means that average sales price today sold below the list by $4336 or 2.1%.Of the 20 sales that occurred, 3 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 , Monday
January 2008 Official Stats
More articles from this author:2008-03-08 16:14:00 January 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 January 2007 was $207,464 & January 2008 it is now $229,127 - 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 sou... More About: January , Official , January 2008 1, 2, 3, 4, 5, 6, 7 |
