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
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
2007-12-31 01:41:00 No Numbers to Report from Dec 25th to 27th.Happy Holidays ! More About: Sales
Monday (Dec 24th) Numbers
2007-12-31 01:32:00 Monday (Dec 24th) & the weekend brought 4 new listings versus 4 sales-for a sell/list ratio of 100.00%.The 14 day rolling sell/list ratio now stands at 100.00%.Average list price of the sales was $175,150 & average sales price was $169,000.This means that average sales price today sold below the list by $6,150 or 3.51%.Of the 4 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 4100.There were 0 Price Changes, 0 Price Increases & 0 Price Decreases. More About: Numbers , Monday , Number
Friday (Dec 21st) Numbers
2007-12-22 04:05:00 Friday (Dec 21st) brought 7 new listings versus 11 sales-for a sell/list ratio of 157.14%.The 14 day rolling sell/list ratio now stands at 94.94%.Average list price of the sales was $170,455 & average sales price was $165,491.This means that average sales price today sold below the list by $4,964 or 2.91%.Of the 11 sales that occurred, 2 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 4102.There were 0 Price Changes, 0 Price Increases & 0 Price Decreases. More About: Friday , Numbers , Number
Thursday (Dec 20th) Numbers
2007-12-22 03:59:00 Thursday (Dec 20th) brought 11 new listings versus 7 sales-for a sell/list ratio of 63.64%.The 14 day rolling sell/list ratio now stands at 90.53%.Average list price of the sales was $312,757 & average sales price was $307,129.This means that average sales price today sold below the list by $5,629 or 1.80%.Of the 7 sales that occurred, 1 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 4113.There were 2 Price Changes, 1 Price Increases & 1 Price Decreases. More About: Numbers , Thursday , Number
Wednesday (Dec 19th) Numbers
2007-12-22 03:54:00 Wednesday (Dec 19th) brought 14 new listings versus 5 sales-for a sell/list ratio of 35.71%.The 14 day rolling sell/list ratio now stands at 87.04%.Average list price of the sales was $152,420 & average sales price was $150,550.This means that average sales price today sold below the list by $1,870 or 1.22%.Of the 5 sales that occurred, 1 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 4109.There were 3 Price Changes, 1 Price Increases & 2 Price Decreases. More About: Numbers , Wednesday , Number
Tuesday (Dec 18th) Numbers
2007-12-22 03:48:00 Tuesday (Dec 18th) brought 12 new listings versus 16 sales-for a sell/list ratio of 133.33%.The 14 day rolling sell/list ratio now stands at 85.17%.Average list price of the sales was $203,794 & average sales price was $197,363.This means that average sales price today sold below the list by $6,431 or 3.16%.Of the 16 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 4103.There were 1 Price Changes, 0 Price Increases & 1 Price Decreases. More About: Numbers , Tuesday , Number
Monday (Dec 17th) & The Weekend Numbers
2007-12-22 03:41:00 Monday (Dec 17th) & the weekend brought 18 new listings versus 20 sales-for a sell/list ratio of 111.11%.The 14 day rolling sell/list ratio now stands at 82.62%.Average list price of the sales was $234,895 & average sales price was $228,760.This means that average sales price today sold below the list by $6,135 or 2.61%.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.Active listings for LONDON ONLY now stands at 4109.There were 4 Price Changes, 0 Price Increases & 4 Price Decreases. More About: Weekend , Numbers , Monday , Number
Friday (Dec 14th) Numbers
2007-12-15 02:55:00 Friday (Dec 14th) brought 15 new listings versus 12 sales-for a sell/list ratio of 80.00%.The 14 day rolling sell/list ratio now stands at 82.54%.Average list price of the sales was $284,317 & average sales price was $273,325.This means that average sales price today sold below the list by $10,992 or 3.87%.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.Active listings for LONDON ONLY now stands at 4115.There were 4 Price Changes, 0 Price Increases & 4 Price Decreases. More About: Friday , Numbers , Number
Thursday (Dec 13th) Numbers
2007-12-15 02:48:00 Thursday (Dec 13th) brought 11 new listings versus 19 sales-for a sell/list ratio of 172.73%.The 14 day rolling sell/list ratio now stands at 80.98%.Average list price of the sales was $237,029 & average sales price was $229,141.This means that average sales price today sold below the list by $7,888 or 3.33%.Of the 19 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 4115.There were 3 Price Changes, 0 Price Increases & 3 Price Decreases. More About: Numbers , Thursday , Number
Wednesday (Dec 12th) Numbers
2007-12-15 02:39:00 Wednesday (Dec 12th) brought 13 new listings versus 21 sales-for a sell/list ratio of 161.54%.The 14 day rolling sell/list ratio now stands at 78.49%.Average list price of the sales was $193,200 & average sales price was $184,533.This means that average sales price today sold below the list by $8,667 or 4.49%.Of the 21 sales that occurred, 1 sold at or above over the asking price.That's 4% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 4139.There were 6 Price Changes, 4 Price Increases & 2 Price Decreases. More About: Numbers , Wednesday , Number
Tuesday (Dec 11th) Numbers
2007-12-12 00:45:00 Tuesday (Dec 11th) brought 21 new listings versus 22 sales-for a sell/list ratio of 104.76%.The 14 day rolling sell/list ratio now stands at 73.26%.Average list price of the sales was $212,064 & average sales price was $205,809.This means that average sales price today sold below the list by $6,254 or 2.95%.Of the 22 sales that occurred, 1 sold at or above over the asking price.That's 4% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 4139.There were 2 Price Changes, 0 Price Increases & 2 Price Decreases. More About: Numbers , Tuesday , Number
Monday (Dec 10th) & The Weekend Numbers
2007-12-12 00:14:00 Monday (Dec 10th) & the weekend brought 23 new listings versus 24 sales-for a sell/list ratio of 104.35%.The 14 day rolling sell/list ratio now stands at 70.65%.Average list price of the sales was $211,712 & average sales price was $209,058.This means that average sales price today sold below the list by $2,654 or 1.25%.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.Active listings for LONDON ONLY now stands at 4141.There were 17 Price Changes, 4 Price Increases & 13 Price Decreases. More About: Weekend , Numbers , Monday , Number
Months of Inventory: November 2007
2007-12-09 00:09:00 As discussed before, 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 November 2007: Residential (single family) Activity by Area for the previous year, November 2006: As of today the current active listings on mls is 3808. And we have the number of cl... More About: November 2007
November Official Stats
2007-12-08 17:36:00 November 2007 "official" stats are out & we've updated our charts for the month. Average Sales Price YTD (year-to-date) for November 2006 was $201,556 & YTD 2007 it is now $216,501 - 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 , November
Monthly Comparison: LONDON in November 2007
2007-12-08 16:25:00 Once again we've closed the books on another month & its time for the monthly update (is it just me or is this year is flying by?). Much like October & September, November was another weaker month in terms of volume than the previous months. And once again, this is none-too-surprising as historically the later part of the year in London in terms of real estate performance has proven to be consistently unspectacular.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 weakened both on the listing s... More About: Comparison , November 2007 , Mont
Friday (Dec 7th) Numbers
More articles from this author:2007-12-08 01:39:00 Friday (Dec 7th) brought 17 new listings versus 16 sales-for a sell/list ratio of 94.12%.The 14 day rolling sell/list ratio now stands at 66.96%.Average list price of the sales was $187,188 & average sales price was $181,475.This means that average sales price today sold below the list by $5,713 or 3.05%.Of the 16 sales that occurred, 1 sold at or above over the asking price.That's 6% of the listings sold either at or over the asking price.Active listings for LONDON ONLY now stands at 4153.There were 8 Price Changes, 1 Price Increases & 7 Price Decreases. More About: Friday , Numbers , Number 1, 2, 3, 4, 5, 6, 7 |
