Directory —
Real Estate —
Blog Details for "london real estate diagnosis"
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
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
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
Monthly Comparison: LONDON in January 2008
2008-03-02 16:33:00 A little late for our monthly update this month! My apologies. Been out and about picking up some rental properties before the spring housing fever hits and have been incredibly busy. This is the report for January 2008 , expect February's shortly. January traditionally is a slower month whereby a glut of inventory hits the market, so we'll see how this January of this year shapes up...We've compiled the complete monthly stats, 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 pr... More About: Comparison , January 2008
MOI (Months of Inventory): January 2008
2008-02-23 17:03:00 Time for our monthly 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 January 2008 :Residential (single family) Activity by Area for the previous year, Jan 2007:As of today the current active listings on mls is 3863. And we have the number of closed sales at 530:This means that if no other properties... More About: January 2008
Friday (Feb 22nd) Numbers
2008-02-23 16:18:00 Friday (Feb 22nd) brought 40 new listings versus 42 sales-for a sell/list ratio of 105.00%.The 14 day rolling sell/list ratio now stands at 60.97%.Average list price of the sales was $215,088 & average sales price was $210,772.This means that average sales price today sold below the list by $4316 or 2.0%.Of the 42 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.A lot of houses are selling at or above the asking price if you look back at the recent percentages of sales at or over asking in the last couple of weeks... could it be a signal that demand is escalating and prices may soon be on the rise? More About: Friday , Numbers
Thursday (Feb 21st) Numbers
2008-02-23 15:12:00 Thursday (Feb 21st) brought 48 new listings versus 22 sales-for a sell/list ratio of 45.83%.The 14 day rolling sell/list ratio now stands at 58.15%.Average list price of the sales was $237,691 & average sales price was $232,270.This means that average sales price today sold below the list by $5420 or 2.28%.Of the 22 sales that occurred, 2 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 , Thursday
Wednesday (Feb 20th) Numbers
2008-02-23 15:03:00 Wednesday (Feb 20th) brought 40 new listings versus 33 sales-for a sell/list ratio of 82.50%.The 14 day rolling sell/list ratio now stands at 54.99%.Average list price of the sales was $249,264 & average sales price was $243,300.This means that average sales price today sold below the list by $5964 or 2.39%.Of the 33 sales that occurred, 5 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 (Feb 19th) & The Long Weekend Numbers
2008-02-23 14:51:00 Tuesday (Feb 19th) & the weekend brought 53 new listings versus 17 sales-for a sell/list ratio of 32.08%.The 14 day rolling sell/list ratio now stands at 53.45%.Average list price of the sales was $217,964 & average sales price was $245,994.This means that average sales price today sold below the list by $1970 or 0.9%.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: Weekend , Numbers , Long , Tuesday
Friday (Feb 15th) Numbers
2008-02-23 14:41:00 Friday (Feb 15th) brought 35 new listings versus 23 sales-for a sell/list ratio of 65.71%.The 14 day rolling sell/list ratio now stands at 54.31%.Average list price of the sales was $220,446 & average sales price was $217,222.This means that average sales price today sold below the list by $3225 or 1.5%.Of the 23 sales that occurred, 8 sold at or above over the asking price.That's 35% of the listings sold either at or over the asking price. More About: Friday , Numbers
Thursday (Feb 14th) Numbers
2008-02-23 14:31:00 Thursday (Feb 14th) brought 20 new listings versus 20 sales-for a sell/list ratio of 100.00%.The 14 day rolling sell/list ratio now stands at 54.47%.Average list price of the sales was $207,270 & average sales price was $203,970.This means that average sales price today sold below the list by $3300 or 1.6%.Of the 20 sales that occurred, 2 sold at or above over the asking price.That's 10% of the listings sold either at or over the asking price. More About: Numbers , Thursday
Wednesday (Feb 13th) Numbers
2008-02-23 14:25:00 Wednesday (Feb 13th) brought 40 new listings versus 39 sales-for a sell/list ratio of 97.50%.The 14 day rolling sell/list ratio now stands at 53.42%.Average list price of the sales was $209,274 & average sales price was $206,693.This means that average sales price today sold below the list by $2582 or 1.2%.Of the 39 sales that occurred, 8 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 , Wednesday
Tuesday (Feb 12th) Numbers
2008-02-23 14:17:00 Tuesday (Feb 12th) brought 46 new listings versus 38 sales-for a sell/list ratio of 82.61%.The 14 day rolling sell/list ratio now stands at 50.64%.Average list price of the sales was $240,121 & average sales price was $236,134.This means that average sales price today sold below the list by $3987 or 1.7%.Of the 38 sales that occurred, 8 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 (Feb 11th) Numbers
2008-02-15 01:38:00 Monday (Feb 11th) & the weekend brought 55 new listings versus 13 sales-for a sell/list ratio of 23.64%.The 14 day rolling sell/list ratio now stands at 46.84%.Average list price of the sales was $200,738 & average sales price was $197,838.This means that average sales price today sold below the list by $2899 or 1.4%.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 , Monday
Friday (Feb 8th) Numbers
2008-02-10 16:47:00 Friday (Feb 8th) brought 43 new listings versus 22 sales-for a sell/list ratio of 51.16%.The 14 day rolling sell/list ratio now stands at 51.11%.Average list price of the sales was $208,182 & average sales price was $229,680.Of the 22 sales that occurred, 7 sold at or above over the asking price.That's 32% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 4640.There were 19 Price Changes, 2 being Price Increases. More About: Friday , Numbers
Thursday (Feb 7th) Numbers
2008-02-10 16:37:00 Thursday (Feb 7th) brought 38 new listings versus 35 sales-for a sell/list ratio of 92.11%.The 14 day rolling sell/list ratio now stands at 49.08%.Average list price of the sales was $228,933 & average sales price was $224,315.This means that average sales price today sold below the list by $4618 or 2.0%.Of the 35 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.Active listings for LONDON ONLY now stands at 4608.There were 8 Price Changes, 0 being Price Increases. More About: Numbers , Thursday
Wednesday (Feb 6th) Numbers
2008-02-10 16:12:00 Wednesday (Feb 6th) brought 43 new listings versus 18 sales-for a sell/list ratio of 41.86%.The 14 day rolling sell/list ratio now stands at 45.51%.Average list price of the sales was $189,693 & average sales price was $185,578.This means that average sales price today sold below the list by $4115 or 2.2%.Of the 18 sales that occurred, 2 sold at or above over the asking price.That's 11% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 4608.There were 6 Price Changes, 0 being Price Increases. More About: Numbers , Wednesday
Tuesday (Feb 5th) Numbers
More articles from this author:2008-02-10 16:05:00 Tuesday (Feb 5th) brought 45 new listings versus 28 sales-for a sell/list ratio of 62.22%.The 14 day rolling sell/list ratio now stands at 45.74%.Average list price of the sales was $215,104 & average sales price was $209,593.This means that average sales price today sold below the list by $5511 or 2.6%.Of the 28 sales that occurred, 4 sold at or above over the asking price.That's 14% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 4608.There were 15 Price Changes, 4 being Price Increases. More About: Numbers , Tuesday 1, 2, 3, 4, 5, 6, 7 |
|
