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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
Monday (Feb 4th) Numbers
2008-02-10 15:43:00 Monday (Feb 4th) & the weekend brought 51 new listings versus 14 sales-for a sell/list ratio of 27.45%.The 14 day rolling sell/list ratio now stands at 42.33%.Average list price of the sales was $271,871 & average sales price was $266,350.This means that average sales price today sold below the list by $5521 or 2.0%.Of the 14 sales that occurred, 5 sold at or above over the asking price.That's 36% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 4600.There were 15 Price Changes, 0 being Price Increases. More About: Numbers , Monday
Friday (Feb 1) Numbers
2008-02-08 01:33:00 Friday (Feb 1st) brought 38 new listings versus 24 sales-for a sell/list ratio of 63.16%.The 14 day rolling sell/list ratio now stands at 45.06%.Average list price of the sales was $228,817 & average sales price was $223,034.This means that average sales price today sold below the list by $5783 or 2.5%.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.Active listings for LONDON ONLY now stands at 4567.There were 8 Price Changes, 2 being Price Increases. More About: Friday , Numbers
Thursday (Jan 31) Numbers
2008-02-08 01:28:00 Thursday (Jan 31st) brought 44 new listings versus 1 sales-for a sell/list ratio of 2.27%.The 14 day rolling sell/list ratio now stands at 40.54%.Average list price of the sales was $242,900 & average sales price was $239,000.Of the 26 sales that occurred, 4 sold at or above over the asking price.That's 15% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 4557.There were 9 Price Changes, 1 being Price Increases. More About: Numbers , Thursday
Wednesday (Jan 30th) Numbers
2008-02-08 01:19:00 Wednesday (Jan 30th) brought 44 new listings versus 26 sales-for a sell/list ratio of 59.09%.The 14 day rolling sell/list ratio now stands at 42.17%.Average list price of the sales was $208,454 & average sales price was $205,185.This means that average sales price today sold below the list by $3269 or 1.6%.Of the 26 sales that occurred, 4 sold at or above over the asking price.That's 15% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 4513.There were 19 Price Changes, 0 being Price Increases. More About: Numbers , Wednesday
Tuesday (Jan 29th) Numbers
2008-01-30 00:11:00 Tuesday (Jan 29th) & the weekend brought 49 new listings versus 20 sales-for a sell/list ratio of 40.82%.The 14 day rolling sell/list ratio now stands at 41.21%.Average list price of the sales was $200,015 & average sales price was $195,448.This means that average sales price today sold below the list by $4567 or 2.3%.Of the 20 sales that occurred, 5 sold at or above over the asking price.That's 25% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 4500.There were 12 Price Changes, 1 being Price Increases. More About: Numbers , Tuesday
Monday (Jan 28th) & Weekend Numbers
2008-01-29 03:13:00 Monday (Jan 28th) & the weekend brought 48 new listings versus 31 sales-for a sell/list ratio of 64.58%.The 14 day rolling sell/list ratio now stands at 40.26%.Average list price of the sales was $200,752 & average sales price was $195,404.This means that average sales price today sold below the list by $5347 or 2.7%.Of the 31 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.Active listings for LONDON ONLY now stands at 4479.There were 12 Price Changes, 6 being Price Increases. More About: Weekend , Numbers , Monday
Friday (Jan 25th) Numbers
2008-01-29 02:59:00 Friday (Jan 25th) brought 45 new listings versus 27 sales-for a sell/list ratio of 60.00%.The 14 day rolling sell/list ratio now stands at 37.30%.Average list price of the sales was $179,870 & average sales price was $174,328.This means that average sales price today sold below the list by $5542 or 3.08%.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.Active listings for LONDON ONLY now stands at 4462.There were 4 Price Changes - 1 of which were Price Increases. More About: Friday , Numbers
Thursday (Jan 24th) Numbers
2008-01-29 02:42:00 Thursday (Jan 24th) brought 33 new listings versus 18 sales-for a sell/list ratio of 54.55%.The 14 day rolling sell/list ratio now stands at 34.36%.Average list price of the sales was $173,528 & average sales price was $171,158.This means that average sales price today sold below the list by $2369 or 1.4%.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 4462.There were 12 Price Changes - 2 of which were Price Increases. More About: Numbers , Thursday
Wednesday (Jan 23rd) Numbers
2008-01-29 02:34:00 Wednesday (Jan 23rd) brought 41 new listings versus 12 sales-for a sell/list ratio of 29.27%The 14 day rolling sell/list ratio now stands at 31.88%.Average list price of the sales was $215,900 & average sales price was $215,434.This means that average sales price today sold below the list by $466 or .22%.Of the 12 sales that occurred, 2 sold at or above over the asking price.That's 17% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 4453.There were 11 Price Changes - 2 of which were Price Increases. More About: Numbers , Wednesday
Tuesday (Jan 22nd) Numbers
2008-01-29 02:25:00 Tuesday (Jan 22nd) brought 23 new listings versus 23 sales-for a sell/list ratio of 100.00%.The 14 day rolling sell/list ratio now stands at 32.25%.Average list price of the sales was $268,421 & average sales price was $262,206.This means that average sales price today sold below the list by $6,215 or 2.32%.Of the 23 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.Active listings for LONDON ONLY now stands at 4429.There were 8 Price Changes - 2 of which were Price Increases. More About: Numbers , Tuesday
Monday (Jan 21st) & The Weekend Numbers
2008-01-29 02:14:00 Monday (Jan 21st) & the weekend brought 57 new listings versus 17 sales-for a sell/list ratio of 29.82%.The 14 day rolling sell/list ratio now stands at 30.76%.Average list price of the sales was $181,847 & average sales price was $178,900.This means that average sales price today sold below the list by $2,946 or 1.62%.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.Active listings for LONDON ONLY now stands at 4319.There were 21 Price Changes, 4 Price Increases & 17 Price Decreases. More About: Weekend , Numbers , Monday
Friday (Jan 18th) Numbers
2008-01-21 23:40:00 Friday (Jan 18th) brought 41 new listings versus 15 sales-for a sell/list ratio of 36.59%.The 14 day rolling sell/list ratio now stands at 30.82%.Average list price of the sales was $242,787 & average sales price was $239,493.This means that average sales price today sold below the list by $3,293 or 1.36%.Of the 15 sales that occurred, 3 sold at or above over the asking price.That's 20% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 4400.There were 8 Price Changes, 0 Price Increases & 8 Price Decreases. More About: Friday , Numbers , Number
Thursday (Jan 17th) Numbers
2008-01-21 23:33:00 Thursday (Jan 17th) brought 40 new listings versus 18 sales-for a sell/list ratio of 45.00%.The 14 day rolling sell/list ratio now stands at 32.10%.Average list price of the sales was $227,900 & average sales price was $227,339.This means that average sales price today sold below the list by $561 or .25%.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.Active listings for LONDON ONLY now stands at 4378.There were 10 Price Changes, 2 Price Increases & 8 Price Decreases. More About: Numbers , Thursday , Number
Wednesday (Jan 16th) Numbers
2008-01-21 23:28:00 Wednesday (Jan 16th) brought 46 new listings versus 8 sales-for a sell/list ratio of 17.39%.The 14 day rolling sell/list ratio now stands at 31.61%.Average list price of the sales was $177,100 & average sales price was $172,925.This means that average sales price today sold below the list by $4,175 or 2.36%.Of the 8 sales that occurred, 2 sold at or above over the asking price.That's 25% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 4329.There were 8 Price Changes, 5 Price Increases & 3 Price Decreases. More About: Numbers , Wednesday , Number
Tuesday (Jan 15th) Numbers
2008-01-21 23:22:00 Tuesday (Jan 15th) brought 48 new listings versus 29 sales-for a sell/list ratio of 60.42%.The 14 day rolling sell/list ratio now stands at 34.91%.Average list price of the sales was $227,695 & average sales price was $224,067.This means that average sales price today sold below the list by $3,628 or 1.59%.Of the 29 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 4329.There were 8 Price Changes, 5 Price Increases & 3 Price Decreases. More About: Numbers , Tuesday , Number
Monday (Jan 14th) & The Weekend Numbers
2008-01-21 23:16:00 Monday (Jan 14th) & the weekend brought 65 new listings versus 8 sales-for a sell/list ratio of 12.31%.The 14 day rolling sell/list ratio now stands at 32.79%.Average list price of the sales was $214,550 & average sales price was $213,100.This means that average sales price today sold below the list by $1,450 or 0.68%.Of the 8 sales that occurred, 5 sold at or above over the asking price.That's 63% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 4319.There were 9 Price Changes, 0 Price Increases & 9 Price Decreases. More About: Weekend , Numbers , Monday , Number
MOI (Month's of Inventory): December 2007
2008-01-14 01:33:00 Again, there is a constant tug of war between buyers and sellers. The Mont hs 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 December 2007:Residential (single family) Activity by Area for the previous year, Dec 2006:As of today the current active listings on mls is 3353. And we have the number of closed sales at 512:Th... More About: December 2007
December 2007 Official Stats
2008-01-14 00:50:00 December 2007 "official" stats are out & we've updated our charts for the month. Average Sales Price YTD (year-to-date) for December 2006 was $202,061 & YTD 2007 it is now $216,874 - 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 t... More About: Official , December , December 2007
Friday (Jan 11th) Numbers
2008-01-14 00:36:00 Friday (Jan 11th) brought 46 new listings versus 12 sales-for a sell/list ratio of 26.09%.The 14 day rolling sell/list ratio now stands at 36.44%.Average list price of the sales was $314,825 & average sales price was $302,158.This means that average sales price today sold below the list by $12,667 or 4.02%.Of the 12 sales that occurred, 2 sold at or above over the asking price.That's 17% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 4272.There were 7 Price Changes, 1 Price Increases & 6 Price Decreases. More About: Friday , Numbers , Number
Thursday (Jan 10th) Numbers
2008-01-14 00:27:00 Thursday (Jan 10th) brought 32 new listings versus 15 sales-for a sell/list ratio of 46.88%.The 14 day rolling sell/list ratio now stands at 41.23%.Average list price of the sales was $222,820 & average sales price was $210,960.This means that average sales price today sold below the list by $11,860 or 5.32%.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.Active listings for LONDON ONLY now stands at 4243.There were 7 Price Changes, 3 Price Increases & 4 Price Decreases. More About: Numbers , Thursday , Number
Wednesday (Jan 9th) Numbers
2008-01-10 03:47:00 Wedneday (Jan 9th) brought 46 new listings versus 13 sales-for a sell/list ratio of 28.26%.The 14 day rolling sell/list ratio now stands at 44.51%.Average list price of the sales was $227,500 & average sales price was $220,762.This means that average sales price today sold below the list by $6,738 or 2.96%.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.Active listings for LONDON ONLY now stands at 4232.There were 10 Price Changes, 1 Price Increases & 9 Price Decreases. More About: Numbers , Wednesday , Number
Tuesday (Jan 8th) Numbers
2008-01-10 03:40:00 Tuesday (Jan 8th) brought 51 new listings versus 14 sales-for a sell/list ratio of 27.45%.The 14 day rolling sell/list ratio now stands at 48.82%.Average list price of the sales was $235,243 & average sales price was $229,450.This means that average sales price today sold below the list by $5,793 or 2.46%.Of the 14 sales that occurred, 2 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 4207.There were 2 Price Changes, 0 Price Increases & 2 Price Decreases. More About: Numbers , Tuesday , Number
Monday (Jan 7th) & The Weekend Numbers
2008-01-10 03:23:00 Monday (Jan 7th) & the weekend brought 45 new listings versus 9 sales-for a sell/list ratio of 20%.The 14 day rolling sell/list ratio now stands at 58.37%.Average list price of the sales was $237,608 & average sales price was $233,064.This means that average sales price today sold below the list by $4,544 or 1.91%.Of the 9 sales that occurred, 1 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 4173.There were 16 Price Changes, 2 Price Increases & 14 Price Decreases. More About: Weekend , Numbers , Monday , Number
Monthly Comparison: LONDON in December 2007
2008-01-07 00:26:00 Another month passed & it is time again for the monthly update.December is never a reliable month for real estate data with the holiday season and all. The numbers are always strange so take them with a grain of salt.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 both on the listing side & on the sales price side as compared to the previous month. November's average list price was $209,334 & sale price average was $203,899. December came in at average list price of $217,575 ... More About: Comparison , December 2007 , Mont
Friday (Jan 4th) Numbers
2008-01-06 18:11:00 Friday (Jan 4th) brought 40 new listings versus 5 sales-for a sell/list ratio of 12.50%.The 14 day rolling sell/list ratio now stands at 59.14%.Average list price of the sales was $199,120 & average sales price was $188,180.This means that average sales price today sold below the list by $10,940 or 5.49%.Of the 5 sales that occurred, 1 sold at or above over the asking price.That's 25% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 4145.There were 6 Price Changes, 0 Price Increases & 6 Price Decreases. More About: Friday , Numbers , Number
Thursday (Jan 3rd) Numbers
2008-01-06 18:06:00 Thursday (Jan 3rd) brought 34 new listings versus 12 sales-for a sell/list ratio of 35.29%.The 14 day rolling sell/list ratio now stands at 72.67%.Average list price of the sales was $197,431 & average sales price was $192,083.This means that average sales price today sold below the list by $5,348 or 2.71%.Of the 12 sales that occurred, 0 sold at or above over the asking price.That's 0% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 4124.There were 6 Price Changes, 0 Price Increases & 6 Price Decreases. More About: Numbers , Thursday , Number
Wednesday (Jan 2nd) Numbers
2008-01-06 17:56:00 Wednesday (Jan 2nd) brought 30 new listings versus 16 sales-for a sell/list ratio of 53.33%.The 14 day rolling sell/list ratio now stands at 89.86%.Average list price of the sales was $227,269 & average sales price was $218,119.This means that average sales price today sold below the list by $9,150 or 4.03%.Of the 16 sales that occurred, 3 sold at or above over the asking price.That's 19% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 4107.There were 8 Price Changes, 1 Price Increases & 7 Price Decreases. More About: Numbers , Wednesday , Number
Monday (Dec 31st) Numbers
2008-01-06 17:47:00 Monday (Dec 31st) brought 7 new listings versus 2 sales-for a sell/list ratio of 28.57.%.The 14 day rolling sell/list ratio now stands at 104.95%.Average list price of the sales was $239,900 & average sales price was $237,450.Of the 2 sales that occurred, 1 sold at or above over the asking price.That's 50% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 4095.There were 2 Price Changes, 0 Price Increases & 2 Price Decreases. More About: Numbers , Monday , Number
Friday (Dec 28th) Numbers
2007-12-31 01:43:00 Friday (Dec 28th) brought 9 new listings versus 12 sales-for a sell/list ratio of 133.33%.The 14 day rolling sell/list ratio now stands at 107.04%.Average list price of the sales was $186,075 & average sales price was $182,608.This means that average sales price today sold below the list by $3,467 or 1.86%.Of the 12 sales that occurred, 3 sold at or above over the asking price.That's 25% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 4094.There were 1 Price Changes, 0 Price Increases & 1 Price Decreases. More About: Friday , Numbers , Number
Holidays - No Sales Reported
More articles from this author:2007-12-31 01:41:00 No Numbers to Report from Dec 25th to 27th.Happy Holidays ! More About: Sales 1, 2, 3, 4, 5, 6, 7 |
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